Technical analysis by HexaTrades about Symbol AVAX: Buy recommendation (7/28/2025)

AVAX has formed a textbook double bottom pattern on the daily chart, signaling a potential reversal after months of downtrend. The neckline around the $27 zone has been broken decisively, confirming the bullish breakout. Key Points: - Double Bottom Structure: A strong bullish reversal pattern with a clean neckline breakout. - Breakout Level: $27, which was acting as resistance for the past several weeks. - Volume Surge: Noticeable increase in volume during the breakout, adding strength to the move. - Target: $48–$50 region. ( Channel resistance) -Stop-Loss Idea: Below $22.0 AVAX appears ready to trend higher as momentum builds. If bulls hold above the breakout zone, the rally may accelerate in the coming weeks. Cheers Hexa