AVAX price has entered the breakout stage of a falling wedge pattern.
, which leaves investors with excess cash to invest in riskier markets.
The next CPI report will come out on Jan. 12. JPMorgan & Chase sees the S&P 500 index rising by 3-3.5% if the December inflation comes to be 6.4%, a 20% probability. The index could rise 1.5-2% if the inflation reading comes inside the 6.4%-6.5% range, a scenario which carries a 65% possibility.Thus, AVAX/USD could rise alongside the U.S. benchmark index on a lowered inflation reading, and continue rallying at least until the Fed's meeting on Jan. 31.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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