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Avalanche eyes 60% rally as AVAX price breaks out of bull flag

Dubbed “bull flag,” the pattern emerges when the price consolidates lower/sideways between two parallel trendlines (flag) after undergoing a strong upside move (flagpole). Later, in theory, the price breaks out of the channel range to continue the uptrend and tends to rise by as much as the flagpole’s height.

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Source: Cryptocurrency - investing.com

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