Avalanche (AVAX) has reached the 50-day SMA ($24.66), a key near-term support level to watch.
AVAX/USDT Daily Chart | Source: TradingView
If the price rises from the current levels and breaks above the 20-day EMA ($26.42), the bulls will attempt to push the AVAX/USDT pair to the upper zone of $31 to $33. The bears will attempt to stall the gains in this zone, but if the bulls prevail, the pair could rally to $36.
Contrary to this assumption, if the price breaks below the 50-day SMA, it will indicate that bears have taken control. The pair could then slide to the strong support at $19.50, where buyers are likely to step in.
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