AVAX is attempting to bounce off the strong support near $35. but the relief rally is likely to be sold into.
If the price turns down from the current level or the 20-day EMA ($39.72), it will suggest that the bears remain in command. That will increase the likelihood of a break below $33.60. The next support on the downside is $30.
Conversely, if buyers drive the price above the 20-day EMA, it will suggest that the AVAX/USDT pair may stay range-bound between $35 and $45 for a few days. Buyers will be back in the game on a close above $45.
This Is Not An Investment Advise
