AVAX/BTC Pair Signals Strong Rally For AVAX Price

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Avalanche price (AVAX) has broken out of a multi-month descending channel in July which caught the attention of many traders and could result in a strong move ahead.

The AVAX price has been trading in a bear market since December 2023, although the current strength suggests an impressive change in the technical structure.

Should those external conditions remain supportive, the move could provide a backdrop for a broader rally if momentum holds, the more so as analysts forecast higher AVAX price targets in the coming weeks.

Breakout from Channel Ignites…



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AVAX/BTC Pair Signals Strong Rally For AVAX Price


Avalanche price (AVAX) has broken out of a multi-month descending channel in July which caught the attention of many traders and could result in a strong move ahead.

The AVAX price has been trading in a bear market since December 2023, although the current strength suggests an impressive change in the technical structure.

Should those external conditions remain supportive, the move could provide a backdrop for a broader rally if momentum holds, the more so as analysts forecast higher AVAX price targets in the coming weeks.

Breakout from Channel Ignites…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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