Avax to $88 waiting for breakout

Popular EVM compatible coin AVAX AVAXUSDT has been forming a bullish pennant on the 12 hour timeframe. Recently a number of AVAX based meme coins have done well seemingly in response to AVAX coin’s performance.

According to data from coin gecko.com, the price of Avax has risen by 37.9% in the last 30 days and is up 228% over the last one year. Still this coin is down 55.7% from it’ all time high and a return to this valuation would be a 122% gain in price.


Wait for a bullish breakout from this pennant or a breakout plus retest to confidently trade this upwards with an initial or short term target just above $85. Happy Trading!

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