$AVAX is currently showing signs of a potential double bottom formation on the 1D chart — a classic bullish reversal pattern that often signals the end of a downtrend and the beginning of a new upward move.


Technical Overview

Pattern: Double Bottom

Support Zone: $18.66 – $19.48

Current Price: ~$22.19

Breakout Confirmation: Daily close above $22.40

Target 1: $28.75 (+30.18%)

Target 2: $31.89 (+44.08%)

Stop Loss: Below $19.48

  • Trade Setup

Entry: On breakout and close above $22.40 (confirmation of pattern breakout)

  • Stop Loss: $19.48

    Target 1: $28.75

    Target 2: $31.89


If AVAX holds the support and breaks above resistance with volume, this setup could offer strong upside potential in the short to mid-term.

Not a financial advice. Always do your own research (DYOR).


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