AVAX price has fallen over -30% the last week
AVAX Price has formed a falling wedge pattern
100MA continues to act as support
Avalanche (AVAX) had an amazing run the last few weeks as prices surged over 200%. This price movement put AVAX price at a new high for the first time in many months. Investors have been taking a bullish stance on AVAX as it aims to solve a major problem within the crypto space. The solution AVAX offers is a highly scalable & efficient blockchain that allows for DeFi & dApps to be built upon it, similar to ETH. It also offers a bridge from the ETH blockchain to its own, which is a great solution for interoperability.
While looking at the last month of price action , we can see AVAX price has held a trend line very well. AVAX just bounced off this trend line a couple days ago & seems to be heading for another potential bounce. Over the last two weeks, AVAX price has formed a bullish falling wedge pattern (shown in blue).
If bulls manage to break &am
Źródło: https://coingape.com/avax-forms-falling-wedge-pattern-is-a-bullish-breakout-imminent/
