#AVAXUSDT ( Avalanche ) - Price Faces Stern Test to Claim $50 Price Barrier – Can Bulls Succeed?

Avalanche price is at the cusp of breaching a crucial resistance level, which could largely impact the overall profits of AVAX holders.

Avalanche price is close to breaching the $50 resistance level that has been unbreached since May 2022.

About 9.16 million AVAX bought at an average of $53 is awaiting a breach of the barrier to turn profitable.

Technical indicator MACD is observing the first bullish crossover since October 2023, making AVAX ripe for a rise.