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Avalanche price can double by summer as AVAX’s 20% weekly rally rekindles ‘bull flag’ -Breaking

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© Reuters

A dramatic upside retracement was seen in the AvalancheAVAXThe ) Market this week raised its chances of rising by 100% in Q2.

In the wake of AVAX’s bull flag installation for multiple monthsAfter a significant price increase to $150 (an all-time high on the Avalanche Market), formed the. This setup shows a channel that is downwardly sloping, as indicated by the two trendlines against previous trends, and volumes falling to indicate a weakening trend.

Weekly price chart with a bull flag pattern. Source: TradingView
AVAX/USD daily price chart with the correlation coefficient TradingView
Daily price chart for AVAX/USD Source: TradingView