$AVAX

Bulls purchased the dip to the resistance line on November 26 but are finding it difficult to push Avalanche above $45.

However, the rising 20-day EMA ($36.64) and the RSI in the overbought zone indicate that the path of least resistance is to the upside. If buyers push and sustain the price above $45, the ADA/USDT pair could rally to $50 and then to $60.

The 20-day EMA is the crucial support to watch on the downside. If the price turns down and breaks below the 20-day EMA, it will signal that the markets have rejected the breakout. The pair could drop to the 50-day SMA ($30.38).