On a broader #timeframe, the rising channel appears like a bear flag, a bearish #continuation technical indicator.

#Analyzing the longer-#timeframe picture, he argued that the two-year lows seen in Q4 constituted a “failed breakdown.”

These prospects have helped the #Avalanche token rise nearly 30% in a 24-hour adjusted #timeframe.

Checking its weekly #timeframe charts reveals that the #RSI is making a move to finally break above the significant level of #RSI 50. The last time it was around this level was back in May 2022.