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<p><a href="https://captainaltcoin.com/avalanche-price-dips-are-these-bullish-avax-signals-enough-for-a-rebound/" target="_blank" rel="noopener noreferrer nofollow">Avalanche (AVAX)</a> appears ready for a substantial price movement, according to a chart analysis shared by Crypto Winkle. The crypto analyst highlights that AVAX has broken out of a falling wedge pattern.</p>
<p>Moreover, it has entered an ascending channel, setting the stage for a potential rally. Current technical indicators, including RSI and MACD, further support the bullish momentum.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/AVAX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#AVAX</a> Breaking Out! Avalanche showing incredible strength as wedge pattern executes flawlessly<br><br>The falling wedge we've been tracking for months has finally paid off! Strong money flow confirmed this textbook breakout, launching <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AVAX</a> into a beautiful ascending channel. <br><br>Current… <a href="https://t.co/QRDU65ZbPD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QRDU65ZbPD</a></p>— Crypto Winkle (@CryptoWinkle) <a href="https://twitter.com/CryptoWinkle/status/1844365705942049072?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 10, 2024</a>
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<p>Crypto Winkle’s analysis indicates that AVAX has completed a breakout from a falling wedge pattern, a classic bullish reversal signal. The chart shows that this breakout has initiated an upward trajectory, with <a href="https://coinmarketcap.com/currencies/avalanche/" target="_blank" rel="noopener noreferrer nofollow">AVAX now trading</a> within a well-defined ascending channel.&nbsp;</p>
<p>As long as the price remains inside this channel, the potential for further upside remains strong. The next key resistance level to watch is $30. Should AVAX break and hold above this mark, the price could quickly rise to test resistance levels near $55.</p>
<h2 class="wp-block-heading" id="strong-key-support-and-resistance-levels-strong"><strong>Key Support and Resistance Levels</strong></h2>
<p>The analysis also identifies crucial support and resistance zones for AVAX. The yellow zone around $20 serves as a strong support level, which AVAX tested during its previous consolidation phase.&nbsp;</p>
<p>On the upside, if AVAX keeps its optimistic momentum, the $55 to $60 region becomes clearly a major area of resistance that AVAX might target. Right now, the main emphasis is still on whether<a href="https://coingape.com/will-avax-price-jump-as-littio-bank-chooses-avalanche-over-eth/" target="_blank" rel="noopener noreferrer nofollow"> AVAX can effectively surpass</a> the $30 level, so generating further potential for a price increase.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-uniswap-uni-price-pumping-2/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is Uniswap (UNI) Price Pumping?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-avax-indicators-show-bullish-momentum-strong"><strong>AVAX Indicators Show Bullish Momentum</strong></h2>
<p>In addition to the price action, technical indicators point to continued bullish sentiment. The RSI is currently at 49.85, a neutral level that suggests AVAX has room for further upside without being overbought.&nbsp;</p>
<p>The MACD, sitting at 0.19, also shows positive momentum, indicating that the buying pressure is in favor of the bulls. If these indicators remain positive, AVAX is positioned to see a sustained rally, surpassing $30 and climbing toward higher resistance levels.</p>
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<p>The post <a href="https://captainaltcoin.com/avalanche-primed-for-rally-analyst-predicts-avax-price-beyond-30/" rel="noopener noreferrer nofollow">Avalanche Primed For Rally: Analyst Predicts AVAX Price Beyond $30</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Avalanche Primed For Rally: Analyst Predicts AVAX Price Beyond $30

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