Avalanche Price Prediction - Breakout Imminent!

In our last Avalanche price forecast , we wrote that the price could rise a little more soon. The reason for this was reaching the support or the correction target. From there, the course was able to rise to around $74.44, but did not reach our stated goal. But in the meantime, how could things continue until the price hits the $79 target? We're going to tell you all about the Avalanche course today!

Avalanche price was able to form an ascending triangle during the last climb. This triangle has the $73.20 resistance and the drawn trendline as support. If we break the upper resistance, we expect a direct move up to $79.22 to confirm the break of the former support. At the same time, we would confirm this level as resistance.

Since the triangle was formed after a descent (after the crash), the chances are not too high that we will break out to the upside as they would when an ascending triangle is formed after an upleg. This pattern is a bullish continuation pattern, which means that prices continue to rise. Despite everything, there will be an outbreak. At the moment it is not possible to say whether it will be down or up. Avalanche price needs to break either support or resistance and an explosive price move could occur.

The target of the triangle is around $90. From this information, we can read that the Avalanche price could rally to break the $79 resistance. It could then see a steady climb to around $90. This, however, only in the case of a bullish breakout. We will expect the price to have a bullish breakout once Avalanche price clearly breaks the $74 resistance.

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