Avalanche (AVAX) is still in a symmetrical triangle pattern, showing indecision between the two sides.
AVAX/USDT Daily Chart | Source: TradingView
If the price drops below the 50-day SMA ($26.27), the AVAX/USDT pair could test the support line. Bulls are expected to buy at this support level. If the price bounces strongly from here, the pair could continue to fluctuate within the triangle.
Conversely, if the price breaks the support line, the pair could drop to $20 and then $17.
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