Over the last several weeks, Avalanche has been forming a tight range between $40 and $32. The boundaries of this range were tested multiple times by AVAX as levels of support and resistance, but they were never broken.

The RWA token was still trading close to the $32 support level when this article was being written. Overall, market signals have turned negative. The price could fall to $31 as a result of this.

A bullish breakout, on the other hand, might propel the coin to $45 and establish a high that lasts for months.

$AVAX