Avalanche $AVAX Holding Key Support at $35 โ What's Next? ๐ฅ
Since December 2024, AVAX has been trading within a tight
range of $32 to $45, with buyers stepping in at dips and sellers
taking profits at highs.
๐ Current Outlook:
*/ AVAX is testing the $35 support after dropping below the
21-day SMA. A breakdown could push it to $32, while a rebound may target $45.
*/ Moving averages suggest a sideways trend, with bearish
pressure still in play.
๐ Key Levels to Watch:
*/ Resistance: $45, $60
*/ Support: $35, $32
Extended candlestick tails hint at strong buying interest at $35,
but bulls need to regain momentum. Traders should watch this
crucial level for potential breakouts or further downside.
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