The Avalanche (AVAX) price could confirm its bullish reversal with a breakout from the current short-term pattern. AVAX is the native token of the Avalanche network, a blockchain platform specializing in smart contracts. The Avalanche price has fallen under a descending resistance line since reaching a yearly high of $22.79 on Feb. 2. The decrease led to a low of $13.88 on March 10. However, the price bounced immediately afterward, reclaiming the 0.618 Fib retracement support level at $15.10. So, the low is considered a deviation (green circle). Despite the reclaim, the trend is not considered bullish yet. This isGo to Source
Author: coinmaker