In line with the general crypto market, Avalanche (AVAX) has experienced significant market correction over the past two weeks following an extended price rally. With the altcoin’s price now hovering around the $36 price zone, recent market predictions have highlighted a critical market condition needed to avoid a complete collapse of AVAX’s bullish structure.

AVAX Price Overview

At the time of writing, AVAX trades at $36.74 following a decline of 2.12% in the past 24 hours. Meanwhile, the altcoin’s daily trading volume is down by 6.40% and valued at $448.45 million. On larger time charts, AVAX is in greater losses of 11.65% in 7 days and 14.81% in 30 days, demonstrating a consistent decline in recent weeks.

In making any headway, AVAX will first need to confront a major resistance at the $42 price zone, the subversion of which could open the pathway for a potential rally to $55.

With the crypto bull run predicted to fully take off in early 2025, this altcoin remains an investor’s favorite following its price performance in the 2021 bull cycle during which it gained by over 4,400 to establish its current all-time high of $144.96. With a market cap of $14.92, AVAX continues to rank as the 11th largest asset in the cryptocurrency market.#BitwiseBitcoinETF #BtcNewHolder $BTC $XRP $BNB