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Mapping the Bullish Triangle of Avalanche—Can the ETF Frenzy Propel AVAX Beyond $24.8?
Key Points
Avalanche [AVAX] remains stable near its triangle support level, with an RSI of 51, and the Parabolic SAR turning bullish. TVL has also risen to $1.9 billion. Furthermore, Grayscale's ETF application suggests potential institutional capital inflows.
Avalanche [AVAX] has maintained a stable price movement over the past 24 hours, with only slight fluctuations following a +10% increase in just 30 days.
In fact, an analysis indicates that bullish momentum may soon strengthen. However, as of the time of writing, new selling pressure across the market seems to complicate the altcoin's outlook.
Avalanche [AVAX] remains stable near its triangle support level, with an RSI of 51, and the Parabolic SAR turning bullish. TVL has also risen to $1.9 billion. Furthermore, Grayscale's ETF application suggests potential institutional capital inflows.
Avalanche [AVAX] has maintained a stable price movement over the past 24 hours, with only slight fluctuations following a +10% increase in just 30 days.
In fact, an analysis indicates that bullish momentum may soon strengthen. However, as of the time of writing, new selling pressure across the market seems to complicate the altcoin's outlook.
Aviso Legal: inclui opiniões de terceiros. Não se trata de aconselhamento financeiro. Poderá incluir conteúdos patrocinados. Consulta os Termos e Condições.
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