🔥 AVAX chart analysis

- Current price is 25.90 USDT, showing a slight decrease of 0.23%.

- The chart illustrates a potential bull flag pattern forming. This is typically a bullish continuation pattern, indicating the possibility of price increases after an accumulation period.

- The resistance zone is marked around the middle of the pattern, around the 26.47 USDT level. This zone is important because it can act as a barrier that the price needs to overcome to confirm the bull flag pattern.

- Support level is determined at approximately 24.79 USDT. This level is important as it once provided a platform for the price to recover.

- Important levels to monitor are:

- Upper resistance at 30.07 USDT, marking a significant hurdle if the price moves above.

- Intermediate resistance at 27.60 USDT, which could act as a preliminary hurdle before reaching the upper resistance.

- Support levels at 26.47 USDT (current resistance) and 24.79 USDT, need to hold for the bullish scenario to remain valid.

- Price action shows a period of accumulation within a downward sloping channel, characteristic of a bullish flag pattern. A break above this channel could signal a continuation of the previous uptrend.

- Tracking trading volume can provide additional insights. Increased volume during the breakout will add credibility to the bullish breakout scenario.

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