At times when the price of Bitcoin is struggling to rise above $ 95,000, the avalanche price shines the great potential of a continuation of the continuation. The token generates consecutive lower highs and lows after refusal from the pivotal range to $ 22. In a broader perspective, the bears seem to be holding a strong grip on the rally, but Avax's price flashes a hidden difference -Bullish can clear the path above the local threshold.
The Avax price has undergone a second successful decline from the neckline zone, which explodes a great chance to take short positions. With the bleeding of the markets, there is a significant possibility that the price can dive into the lower target that can complete a massive double pattern, which may hurt the Avax price rally in the long -term period. Meanwhile, technicals do not seem to favor a massive pullback, while a tight accumulation can dominate for a few hours.
The Bears stopped the rally below $ 22 since the main pullback in March, which seemed to dry the strength of the bulls. Besides, bollinger bands began to squeeze as the volume decreased, indicating towards a collapse in volatility. Meanwhile, the CMF or the Chaikin currency flow, has traced a bullish rebound from levels not visited since July 2024. Each time the weekly CMF rebound from the lows below -0.15, a large uprising follows nearly a 200% increase in price.
Therefore, the Avax price can trigger a strong rebound if levels close to $ 20 and maintain for a day or two. Using this, an increase above $ 22 could prove that the price could further push above $ 25 and verify an increase in the above bearish captivity. Failure to do so can maintain the avalanche price combined below $ 22 until a large volume of bullish creates massive crypto purchase pressure.
