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Weekly $AVAX price analysis from #AvalancheHub #SocialMining community:

As we pointed out in our prior review, there was upward momentum and a reversal zone.
This week, the close touched a highly resistive level of $50.77.
In general, if AVAX continues to remain bullish and surpass this level, we can also expect sharp upward movement in the immediate term. On the flip side, the pullback zone on the lower side could be approximately $39, and therefore, this is the ideal place to accumulate security.