AVAX/USDT = Strong Bullish Momentum!

AVAX/USDT caught our attentions here with both the 100 and 200 Exponential Moving Averages (EMAs) breakout, signalling a potential bullish momentum in the market. Notably, the price action has managed a clean break from the 100EMA, and it's now testing the zones above the 200EMA with a minor pullback as a re-test.

Here's what's happening:
The way AVAX went past these significant EMAs suggests a strong buyer confidence, potentially setting the stage for a continued uptrend.
Attention is now drawn to the resistance levels at $16.05 and $17.55, which represent potential gains of 11.96% and 18.99%, respectively, from the current price point.

Investor sentiment appears to be high, and if the AVAX/USDT pair maintains its foothold above these EMAs, we may see an extended rally towards these targets.

But remember, a failure to maintain current levels could lead to a correctional movement and a potential bearish scenario.

Swallow Team

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Target got smashed here completely!