Avalanche (#Avax🔥🔥 ) recently tested the critical support level at $50, a price point that has historically acted as a foundation for bullish reversals. Following this test, the token demonstrated a bounce, mirroring its previous price action at similar levels. Observing the 15-minute chart, the current pattern aligns closely with earlier cycles, where AVAX rebounded after hitting comparable lows. Should the $50 level fail to hold, the next pullback could potentially retest prior support zones established during earlier market corrections. This setup suggests traders should monitor the $50 level closely, as it could either confirm a bounce or signal further downside movement.