Avalanche Forms Double Bottom Pattern at $19.97
Avalanche (AVAX) has established a potential double bottom pattern at the $19.97 support level, suggesting a possible trend reversal point. However, bearish momentum continues to dominate the market.
- Support level: $19.97
- Pattern: Double bottom formation
- Market context: Broader crypto uncertainty
This technical formation comes amid a wider crypto market downturn, with Bitcoin recently experiencing a 4.5% decline. The AVAX price action requires confirmation before traders can consider it a reliable reversal signal.
*Monitor the $19.97 level for potential bounce or breakdown.*