Avalanche ($AVAX ) price analysis - Cointelegraph

AVAX has reached the 50-day SMA ($24.66), an important near-term support to watch out for.

If the price turns up from the current level and breaks above the 20-day EMA ($26.42), the bulls will try to push the AVAX/USDT pair to the $31 to $33 overhead zone. Sellers will try to stall the up move in the zone, but if the bulls prevail, the pair could rally to $36.

Contrary to this assumption, if the price breaks below the 50-day SMA, it will suggest that the bears have taken charge. The pair could then slide to the solid support at $19.50, where buyers are likely to step in.