Cryptocurrency Short Squeeze Opportunities for AVAX and BCH
Bullish Indicators and Market Outlook
In this context, bullish diverges appeared in the price charts and among notable technical indicators, signaling a trend reversal. This fuels the usual short-squeeze alerts: negative funding rates, short-position volume increases, and leverage liquidations accumulation at higher levels.
India's Regulatory Impact
Moreover, a rising optimism in India with reopened doors for offshore crypto exchanges validates the market potential for the following weeks from a regulatory and fundamental perspective.
AVAX Short Squeeze Potential
Short squeeze alert for Avalanche (AVAX): Avalanche (AVAX) is one of the likely cryptocurrencies to suffer a short squeeze next week, potentially sending its price skyrocketing. Notably, Avalanche's 1-month liquidation heatmap shows a critical liquidity pool at $40 per token.
BCH Price Surge Outlook
Similarly, Bitcoin Cash (BCH) has a notable negative funding rate of 10.06%. Meanwhile, Bitcoin Cash could go as high as $625 after hitting the previous liquidation target of $500 in two short-squeeze events.
However, traders should exercise caution while opening leveraged positions and speculating in this volatile landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.