SHORT TERM $AVAX ANALYSIS
Avalanche is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the currency, and indicates negative development for the currency. The currency is approaching support at 25.00 points, which may give a positive reaction. However, a break downwards through 25.00 points will be a negative signal. Negative volume balance weakens the currency in the short term. The currency is overall assessed as technically negative for the short term.
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