The chart of AVAX/USDT shows a rising channel that has been forming since March 2025. Price is moving up and down inside this channel, making lower highs and higher lows in a zig-zag pattern.
The projection suggests that after testing the upper side of the channel near $28, the price may fall back to the lower boundary around $18, and eventually break down towards $13–14.
This pattern indicates that while the market is still respecting the channel for now, the overall expectation is a bearish breakout in the medium term.
What do you think ?
The projection suggests that after testing the upper side of the channel near $28, the price may fall back to the lower boundary around $18, and eventually break down towards $13–14.
This pattern indicates that while the market is still respecting the channel for now, the overall expectation is a bearish breakout in the medium term.
What do you think ?
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