🚀 Avalanche price analysis

🚀 Avalanche's Struggle: Buyers managed to push Avalanche above $21.80 on August 8 but are struggling to hold these levels.

📉 Downside Risks: The downsloping 20-day EMA ($24.16) and a negative RSI suggest bears have the advantage. If the price falls below $21.80, AVAX could drop to $19.51 and then to $17.29.

📈 Upside Potential: If buyers push the price above the 20-day EMA, it could indicate strong demand. This might lead AVAX to rise towards the 50-day SMA ($26.26) and potentially reach the breakdown level of $29.