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Avalanche (AVAX) has been trading sideways recently, but market analysts predict a potential breakout. The increase in trader demand, as shown by rising short-term holder activity, indicates bullish sentiment. Technical analysis reveals a descending triangle pattern and a rising Relative Strength Index (RSI), both suggesting a possible price surge. Currently priced at $25.81, AVAX could reach $30.05 if market conditions remain favorable. This optimism is fueled by increased social dominance and positive momentum indicators, positioning AVAX for a significant price movement in July.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
