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Coinpedia-Market-Insight

What Are The Chances Of AVAX Bouncing Back From $10?

AVAX (BINANCE:AVAXUSD)  
Coinpedia-Market-Insight  
BINANCE:AVAXUSD   AVAX
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator

  1. AVAX coin warns of a breakdown below $10.
  2. Falling wedge pattern observed in AVAX's daily chart.
  3. RSI at its lowest in 2023 indicates high selling momentum.
  4. Intraday fall sees AVAX price dip to $9.91.
  5. Closing below $10 could amplify bearish sentiment for Avalanche.
  6. AVAX's YTD loss stands at 7.93%.
  7. Daily RSI shows signs of bullish divergence.
  8. Selling pressure might push AVAX to the falling wedge's support trendline.
  9. Potential recovery could see AVAX bounce back to $12.30.
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