Well, well, well-looks like AVAX is throwing a bit of a tantrum, folks. Today, October 22, our beloved crypto darling keeps sliding down the slope, and the recent market cheer seems to have evaporated faster than my last diet attempt. But don’t be alarmed-what looks like a giant megaphone on the charts might just be the universe’s way of whispering, “Rebound incoming.” 🎉
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Looking at the daily chart, our dear Avalanche has been tangoing down from a high of $36 in September to roughly $19.56 today. The 50-day moving average? Well, it’s been left behind-meaning bears are feeling pretty confident. 🐻
But hold the phone! The megaphone pattern-two diverging trendlines-suggests that the smallest sign of a bounce could send AVAX skyrocketing towards a cozy $30. Cue the victory dance, or at least a wry smile.
If the price slices below the pattern’s lower boundary, however, all bets are off-back to the drawing board, or maybe just a drink to forget the chaos.
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2025-10-22 21:37