Avalanche (AVAX) has seen a recent surge in its token price and is approaching a crucial resistance level. While there are buying signals, technical indicators and experts are cautious due to the potential for a bearish reversal. AVAX has shown a strong bullish trend but faces resistance at a trendline. If the price continues to rise, the middle Bollinger Band could provide support, but a pullback or consolidation is expected around the resistance level. AVAX's failure to break the trendline resistance signals downward price movement and could pose risks despite the overall bullish crypto market sentiment. There is a strong support level at $7 to $10 that could help the price rebound if further selling pressure occurs. This support zone is seen as crucial for AVAX and could prevent significant losses in a selloff. Whether AVAX can breach the trendline resistance will determine its future potential gains or return to lower support levels.



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