Avalanche's native token, AVAX, is currently facing significant market challenges, with its price hovering around $31.9. If AVAX falls below the crucial support level of $30.74, it could lead to massive liquidations and accelerated selling pressure. Short-term resistance levels are seen at $33.26 and $34.06, with $39.78 being a significant trend resistance point marked by the EMA200. The broader cryptocurrency market's volatility may increase further with upcoming U.S. inflation data, which could impact prices dramatically.

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