Avalanche (AVAX) has formed a double bottom pattern near key Fibonacci support, suggesting a potential breakout.
Price needs to stay above $17.52 and break through $19.15 for bullish confirmation and momentum continuation.
The weekly chart displays a double bottom and Bollinger Band support, offering a solid risk-reward setup.
AVAX is showing indications of a potential breakout amidst recovering crypto markets, with technical setups and market recovery factors fueling optimism.