The post Avalanche Shows Strong Recovery After Key Support Bounce appeared on BitcoinEthereumNews.com.

Avalanche is showing recovery momentum after bouncing from key support and breaking out of a triangle pattern. Institutional interest rises as Nasdaq and Swiss banks embrace AVAX through ETF filings and crypto services. Avalanche (AVAX) is currently in the spotlight, especially after successfully recovering from an important support zone and showing quite convincing recovery momentum. In the last 7 days alone, AVAX has risen more than 18% and is now trading at about the $20 level. Based on the analysis of popular crypto analyst Lingrid, from a technical perspective, the AVAX price has just broken through the consolidation triangle pattern and is starting to approach the downtrend line that has been the main obstacle so far. Many traders are starting to pay attention, because if the price can break through the resistance zone around $23, AVAX has the potential to continue to the $27 area. For those who have been monitoring for a long time, this condition is certainly not just a passing wind. Source: Lingrid This technical condition is also supported by an increasingly healthy structure: transaction volume is increasing and prices are printing higher lows. This is usually a sign that the market is starting to lean towards bullish. But yes, not all roads are smooth. If it turns out that the price fails to break through the downward trend line, a correction to the $19 or even $17 area is still possible. However, as long as the price remains above $19, many analysts see this decline as an opportunity to re-enter for those who were left behind. Institutions Are Finally Warming Up to AVAX Interestingly, it’s not just from a technical perspective that AVAX is starting to shine. On April 10, 2025, Nasdaq filed an application with the US Securities and Exchange Commission (SEC) to list an…

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Filed under: News - @ April 15, 2025 11:24 am