AVAX

Is AVAX price ready to skyrocket to $15?

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Current Status: AVAX is trading at $10.99, experiencing an intraday growth of 4.56%.
Double Bottom Reversal: AVAX shows a double bottom reversal in the daily chart with a neckline at $11.
Technical Indicators - EMA: A bullish breakout above the 50-day EMA hints at a potential golden crossover.
Technical Indicators - RSI: The RSI shows a rounding reversal, re-entering the overbought zone.
Weekly Performance: AVAX has seen a dramatic rise of 26% over the past week.
Critical Resistance: The $11 mark has been a significant resistance level for AVAX.
Bullish Momentum: Seven bullish candles in the last eight trading sessions indicate strong bullish momentum.
Potential Targets: If the breakout is sustained, AVAX could reach $15, with a pitstop at $12.5.
Downside Risk: A reversal from $11 could see the price drop to $10.
Year-End Prediction: AVAX could potentially reach the $15 mark before 2023 ends.
Market Recovery: The overall crypto market is in a recovery phase, positively affecting AVAX.

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