Avalanche AVAXR$ 220.95 broke below the immediate support at $34.87 on January 13, indicating that the bears are in command.

There is a minor support at $33.60, but it is likely to be broken. The AVAX/USDT pair could then drop to $30.50. This is a crucial support for the bulls to defend as if they fail in their attempt, the pair could drop to $22.35.

Attempts to initiate a relief rally are likely to face selling at the 20-day EMA ($38.67) and again at the resistance at $45. Buyers will have to push the pair above $45 to indicate that the corrective phase may be over.

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.#10DaysToTrump $AVAX