AVAX/USDT Bullish Channel In H4

A chart of the AVAX/USDT currency pair on a 4-hour timeframe. The chart displays a Bullish channel pattern.

Bullish Channel : The Price has been Trading within a Bullish Channel for Some time, characterized by a resistance line at the top and a support line at the bottom.

The price is currently trading at Bottom of channel pattern, if Breaks the Downside then it start Bearish Sign.

However, it is still early to say whether this is a genuine breakout or a false signal.

Recent News:

Music industry eyes DeeStream presale after Ethereum and Avalanche whales join: This news suggests potential increased interest in the Avalanche network from institutional investors, which could be positive for AVAX price.

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