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Avalanche: Can this pattern help AVAX target 60 USD next?

AVAX is currently trading at 38.98 USD, up 2.98%. The bullish inverted head-and-shoulders pattern suggests a price rally may be on the horizon, pending movement past resistance at 43.50 USD.

With a 1.61% rise in open interest, trading activity around AVAX is increasing. Technical indicators, including Stochastic RSI, indicate oversold conditions and potential for a rebound, pointing to an exciting period ahead for traders.

This is community-generated content, not advice from ONUS.
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