Avalanche 'bull trap' risks pushing AVAX price down by 30% in February

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Avalanche 'bull trap' risks pushing AVAX price down by 30% in February
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Avalanche bulls should brace for impact, AVAX price technicals suggest.

a structured finance platform that facilitates more than $5.5B in assets across more than 25 deals to run its digital marketplace IntainMARKETS via IntainMARKETS Subnet.Avalanche price risks drop 30% in February

AVAX's price has successfully closed above two key resistance levels: a multi-month descending trendline and its 200-day exponential moving average during the ongoing rally.Avalanche now eyes a breakout above $22.75, which has been serving as resistance since August 2022, for a potential breakout to $30 as its next upside target.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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