$AVAX Avalanche (AVAX) has been showing signs of resilience in the face of market fluctuations, but it is facing some pressure as the broader crypto market adjusts. Today, I lean **slightly bearish** on AVAX due to overall market uncertainty and potential resistance around the $40 level.

**Target price**: $41.50

**Buy price**: $38.00 (for those looking to enter at a lower risk)

**Current price**: $39.54

The technical indicators are showing a mild bearish trend as it struggles to break past the $40 resistance. If the price holds above $38, a potential bounce toward $41.50 is possible. However, breaking below $38 could signal a deeper retracement toward $35.

Investors should monitor the overall market sentiment, as any major news could drastically shift momentum. If you’re looking to trade or invest in AVAX, consider waiting for a confirmation of direction, as volatility is likely to remain high.$AVAX