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Avalanche (AVAX) Poised for Breakout After Forming Double Bottom Pattern

  • 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.

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