Avalanche (AVAX): Potential Double Bottom Formation
Avalanche has dropped to the moving averages, which may attract buying interest. A rebound could lead to a breakout above the upper resistance, completing the double bottom pattern with a target at $31.73. Conversely, a break below the 50-day moving average at $19.68 could keep the pair within a range of $23.50 to $15.27.
