Avalanche (AVAX) Poised For 25% Rally Ahead Of Seoul Web3 Hackathon

Avalanche (AVAX) Poised For 25% Rally Ahead Of Seoul Web3 Hackathon


Avalanche (AVAX) price is seen to soar by 24% or $32 within its consolidation period. A breach projected overshooting the descending parallel channel would nudge AVAX closer to its hurdle or resistance level at $25.

After AVAX was able to maintain support at $22.50, a bull run is anticipated to happen. Avalanche was recently rejected at $25 due to strong selling activity which precipitated a rebound seen in the last week of July.

The challenge here lies with AVAX ability to soar above the descending parallel channel to stir up a spike of 24% from along the neckline of the inverse head-and-shoulders (H&S) pattern.

Trending: 11 Adults Charged For Sexually Assaulting Children During Witchcraft Rituals

Chart from TradingView.com Can Avalanche Slice Through Resistance At $25?

To establish the bullish reversal following the token’s slump in

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend