$AVAX $38.5 is serving as strong low & $48 is serving as Weak high. With 69K - 70K volume intact in order book at $50. AVAX is very optimistic to hit $50 minimum. Further can be analyzed after hitting this point.

Since, AVAX is a project with good future potential, hold your positions tight & don't panic sell if you go in loss.

Areas to stress:

1. Visible trend reversal pattern.

2. A wide decrease in trading volume at $50.