Avalanche(AVAX) has recently formed a noteworthy double bottom structure. After the support at 12.10 was validated once again, the recent upward momentum has directly broken through the key resistance level of 14.50——this typically signals that a stronger rally is about to unfold.
From a technical perspective, this breakout is not a false move. The price has held above the resistance level, and trading volume has supported the move, which are all positive signals. Historically, whenever AVAX completes such a pattern breakout, subsequent moves often deliver considerable gains.
Of course, markets always have variables. What needs monitoring is that if the price retraces back below 14.50, the sustainability of this rebound would be called into question. However, as long as the current level holds, the next target could be quite substantial.
For traders considering participation, the earliest entry opportunity has already been missed at this stage, but if bullish on the subsequent trend, moderate participation still offers an opportunity. Risk management should always be the top priority.
Avalanche(AVAX) has recently formed a noteworthy double bottom structure. After the support at 12.10 was validated once again, the recent upward momentum has directly broken through the key resistance level of 14.50——this typically signals that a stronger rally is about to unfold.
From a technical perspective, this breakout is not a false move. The price has held above the resistance level, and trading volume has supported the move, which are all positive signals. Historically, whenever AVAX completes such a pattern breakout, subsequent moves often deliver considerable gains.
Of course, markets always have variables. What needs monitoring is that if the price retraces back below 14.50, the sustainability of this rebound would be called into question. However, as long as the current level holds, the next target could be quite substantial.
For traders considering participation, the earliest entry opportunity has already been missed at this stage, but if bullish on the subsequent trend, moderate participation still offers an opportunity. Risk management should always be the top priority.