$AVAX Price Analysis
AVAX's recent trend has been a bit tense, with the price consistently held below the 20-day moving average (37.62 USD), but the bears have also failed to push the price below the 200-day moving average (34.7 USD) support level, so the bulls have managed to hold their ground!
The bulls' next target is quite clear: to break above the 20-day moving average! If they succeed in standing above the average, AVAX is likely to challenge the 50-day moving average (41 USD), and may even push further up to 45 USD. However, don't get too excited, as the current trend may fluctuate in a range between 45 USD and 32.78 USD for a few days, waiting for a new breakout signal.
If AVAX turns down again near the 20-day moving average, it indicates that the bear brothers are relentless in selling during every rebound, aggressively clearing positions at high levels to suppress the price. In that case, AVAX is likely to retest the 32.78 USD support level, which is expected to be the main battleground for the bulls, to see if they can hold their ground. #AVAX