The AVAX price for the cryptocurrency Avalanche is showing signs of recovery after a recent crash. The price has seen a 1.92% increase and has maintained support near the $20 mark. The cryptocurrency is now aiming to break through a resistance trendline, which could lead to a breakout rally. However, there is also the risk of another downturn, as the price has experienced a bearish correction phase and there has been a bearish crossover between the 100-day and 200-day EMAs. Despite these challenges, there are positive indicators such as a potential Morning Star pattern forming and a bullish divergence in the daily RSI line. Furthermore, there is renewed confidence in AVAX with a resurgence in whale transactions on the Avalanche network, suggesting a potential trend reversal and strong price recovery. If the resistance is successfully broken, AVAX could reach the 38.2% retracement level at $32.80. However, there is also downside risk if the support at $20 fails, which could lead to a drop to $17.28.



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