The AVAX coin price shows a bullish reversal from the support trendline of the triangle pattern. Will this reversal surpass the resistance trendline? The AVAX coin price shows a 20% downfall from the recent rejection near the utmost resistance of the triangle pattern. However, the bulls help recover the altcoin prices near the support trendline and keep the resonance going within the triangle. Will bulls outgrow the resistance trendline? Key technical points: AVAX coin price forms a symmetrical triangle pattern. The altcoin prices sustain above the 200-day EMA. The 24-hour trading volume in the Avalanche token is $1.06 Billion, indicating an 11% rise. Past Performance of AVAX The AVAX coin price action shows a symmetrical triangle pattern in the daily chart as the price reverses from the support trendline. The resistance trendline seems more experienced and powerful as it has crushed multiple bullish attempts to surpass it. Nonetheless, the more than 50% jump in the past month brings a solid uptrend to challenge the sellers driven trendline. Currently, the market value of a single AVAX token is $82.41, with a 6.44% spike in the latest daily candle. Source-Tradingview AVAX Technical Analysis The rising number of buyers projects the possibility of a bullish breakout which can face resistance near the $100 and $115. On the opposite end, the downfall can find support near $65 and $50. The crucial 50 and 100-day EMAs merge near the...
