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Crypto Sat
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Bullish
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$AVAAI
is cruising along as expected!
Minor resistance at 3445, but if it holds, we’re off to 4000 like a rocket! 🤑
#CryptoSat
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$AVAX – Daily Timeframe Outlook The chart is displaying a Triple Bottom reversal structure — a bullish formation that often signals trend exhaustion on the downside and the potential for a sustained uptrend if neckline resistance is breached. 🔹Triple Bottom Lows: $14.66 (Bottom 3), $15.20 (Bottom 2), $15.50 (Bottom 1) — strong accumulation zone 🔸Neckline Resistance: ~$25.80 – $26.00 — the key breakout trigger zone 🔹Immediate Support: $21.80 – $22.20 (former swing high support) 🔸Macro Resistance above Neckline: $28.50 – $30.00 zone The three clean retests of the $14–15 region show strong buyer defense, signaling value accumulation Current price action is in the mid-range between the neckline and recent support, with momentum recovering after the latest pullback The pattern height (neckline to bottoms) suggests a sizeable upside potential if a breakout occurs Volume expansion will be critical — breakouts without it risk turning into bull traps ⚡ Probable Scenarios 1. Bullish Continuation: Daily close above $26.00 with volume could confirm the Triple Bottom breakout, opening the door for a measured move toward the $36–38 zone 2. Range Continuation: Failure to clear $26.00 may keep $AVAX in a sideways range between $22 and $26 until macro sentiment shifts 3. Bearish Breakdown: A close below $21.80 would weaken the setup, potentially dragging price toward the $19.00–$20.00 area for a deeper retest Conclusion : The structure leans bullish, but the $26 neckline is the key battleground. A decisive reclaim above it could flip the long-term trend, while repeated rejections may keep #AVAX consolidating.
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