Avalanche price analysis
#AVAX turned up from the $35 support on Jan. 1, indicating that the bulls are attempting a comeback.

The relief rally is expected to face selling at the 50-day SMA ($42.67). If the price turns down sharply from the 50-day SMA, the bears will again try to sink the AVAX/USDT pair below the $35 to $33.50 support zone. If they manage to do that, the pair could sink to $32 and later to $30.50.

On the contrary, if buyers drive the pair above the 50-day SMA, it will suggest that the correction may be over. The pair could then gradually rise to $48.