After a significant sell-off after April, AVAX bulls are again beginning to show signs of activity. Since the Bitcoin bottomed out in mid-June, it has shown significant upside. The resistance near $21 has, however, put a ceiling on the upside. AVAX seems to be retesting this level as this article was being written.
An ascending support line and a lateral resistance line support the triangular pattern that AVAX has been trading within. In May, the latter served as support, but a negative market in June caused it to go below this level. The price has been attempting to increase ever since. At the time of publication, it was again testing the same resistance level.
Following the testing of the resistance line, AVAX may be preparing for another retracement. The price was $21.06.
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