Avalanche Forecast - What's next for the AVAX course?

Avalanche price has been breaking the $21 support for the past few weeks and months. After this was broken, the price made a low around $13.50 and a support trend line at the same time. This trendline is leading to the new $21 resistance, therefore a breakout will take place sooner or later. As the trendline is heading towards horizontal resistance, we see an ascending triangle here. However, since the price is in a downtrend, this triangle is invalid and has no higher chance of breaking out to the upside. A breakout will happen sooner or later as price has to decide on a direction. However, where the journey will go remains to be seen.

As Avalanche price recently touched the lower trendline, we now expect the price to test the $21 resistance next. After price tests resistance, a price crash could occur. This could last until the trendline is retested. After the trend line is tested again, things get exciting. The Avalanche price could then prepare to break out. We at CryptoTicker expect a bearish breakout as the current market environment is also bearish .

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