If you thought Bitcoin was going to the moon, surprise! It’s just hanging out at $95,000 like someone who RSVP’d “maybe” to your party and then just stays by the snacks, eating guac and not committing to anything. Meanwhile, Avalanche (AVAX) is tossing on its red dress and yelling, “Look at me!” — flashing wild potential for an actual bullish breakout. Yes, potential. Because lately, AVAX has been dropping lower highs and lows like it’s afraid of heights, ever since it got friend-zoned at $22.
From a Zoomed-Out Logic Land, the bears have been running this party. But wait — cue the cheesy reality show twist music — AVAX is sporting a hidden bullish divergence, which might actually push it over that terribly awkward local threshold. Will it finally get noticed, or be left outside the club… again?
Let’s talk necklines. AVAX just got rejected from its neckline zone for the second time, which for us regular people means: the universe wants you to short it (maybe). With the markets bleeding more than my attempts at a houseplant, some folks are eyeing a dip toward double-top pattern territory—a pattern so ominous it sounds like a horror movie villain. Basically: If AVAX tanks, it could get uglier than my high school yearbook photo.
Technicals, you ask? Oh, they’re resting their feet and refusing to call for a massive pullback. Instead, we might see some extremely boring sideways action — the kind where you start looking for snacks because nothing is happening. Bollinger bands are squeezing like your jeans after Thanksgiving. Volume’s dropping, volatility is more absent than my motivation during daylight savings time, and the CMF (Chaikin Money Flow) just had a bullish rebound act not seen since July 2024. Fun fact: Every time the weekly CMF rebounds from below -0.15, it’s been like, “You get an upswing! And you get an upswing!” (Think Oprah with price moves.)
So, will AVAX break out if it chills above $20 for a few days? Could be! A breakout above $22 could mean $25 is next, and maybe—just maybe—we can stop talking about bearish captivity and start talking about bear-ish parties. Fail, and we’re stuck below $22, waiting for someone to bring the bullish volume. In short: keep popcorn handy and get ready for another episode of “Will They/Won’t They: The AVAX Saga.” 🥂🚀
Read More
- Gold Rate Forecast
- Pi Network (PI) Price Prediction for 2025
- USD CNY PREDICTION
- USD MXN PREDICTION
- 10 Most Anticipated Anime of 2025
- Silver Rate Forecast
- EUR CNY PREDICTION
- Brent Oil Forecast
- USD JPY PREDICTION
- Capcom has revealed the full Monster Hunter Wilds version 1.011 update patch notes
2025-05-06 22:31