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🔴 AVAX looks interesting in the long term.
The price is in a range where the bottom of the previous bear market was formed.
This could act as an accumulation zone, but it's important to understand - this range is not a guarantee for a reversal, but just a strong historical zone.
If the negative scenario in the altcoin market persists and BTC dominance continues to rise, the price could drop to the next potential accumulation zone ~ $4.5-3
For targets:
• A local rebound can be expected to the zone $15-21
• With a stronger recovery of the altcoin market - the zone $35-37
It's possible that an AVAX ETF for institutional investors will be launched in the future, which is currently in the review phase.
#AVAX | #Avalanche | $AVAX