AVAX TECHNICAL ANALYSIS 28/9
Avalanche (AVAX)’s tight consolidation near the breakout level of $29 resolved to the upside on September 26.
If buyers sustain the price above $29, the AVAX/USDT pair could rise to $33, which could act as a minor resistance. However, if the bulls do not allow the price to drop below $29, the possibility of a rally to $42 increases.
If the bears want to stall the rally, they will have to quickly pull the price below $29. If they do so, the aggressive bulls could get trapped. Selling could intensify if the 20-day EMA ($26.35) breaks down.
