$AVAX price analysis.....📈📉

AVAX

$35.81

 price action of the past few days has formed a range of $29 on the downside and $40 on the upside. #AVAX/USDT daily chart.

The downsloping 20-day EMA ($36.56) and the RSI near 42 suggest that the bears have the upper hand. If the price turns down from the 20-day EMA, the bears will make another attempt to sink the AVAX/USDT pair below $29. If they manage to do that, the next leg of the down move to $27.24 may begin.

On the contrary, if buyers kick the price above the 20-day EMA, it will suggest buying at lower levels. The pair may then climb to $40. A break and close above this level will indicate that the bulls are attempting a comeback.

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