At the time when the price of bitcoin is struggling to exceed $ 95,000, the price of the avalanche flashes an enormous bullish continuation potential. The token formed upper and lower consecutive lower bass after the rejection of the Pivot beach at $ 22. From a broader perspective, the Bears seem to have held a strong grip on the rally, but the Avox price flashes an updated divergence which can erase the path above the local threshold.
The Avax Price underwent its second successful rejection of the neckline area, which made a huge opportunity to take short positions. With market bleeding, there is a huge possibility that the price can lower towards the lower target which could complete a double massive top model, which could harm the long -term Avox rally. Meanwhile, techniques do not seem to be in favor of a massive withdrawal, while a tight accumulation could prevail for a while.
The Bears limited the rally below $ 22 since the major withdrawal in March, which seems to have drained the strength of the bulls. In addition, the Bollinger bands began to hurry as the volume drops, referring to a drop in volatility. Meanwhile, the CMF or the monetary flow of Chaikin, has sparked a bounce bounce from levels not visited since July 2024. Whenever the weekly CMF bounces stockings below -0.15, a huge rise follows with almost a price increase of 200%.
Therefore, the AVAX price could trigger a solid rebound if the levels close above $ 20 and maintain themselves for a day or two. With this, an increase greater than $ 22 could be validated, which could increase the price of more than $ 25 and validate an increase above the lower captivity. Not doing it can keep the price of the consolidated avalanche below $ 22 until a huge bullish volume creates a massive purchase pressure on the crypto.
