ADA, AVAX🔥🔥🔥Key points

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Cardano price analysis

Cardano price rebounded and fell back, indicating that the bears have not given up their advantage. Bulls may defend the $0.80 level. If it rebounds and breaks through the 20-day moving average ($0.96), the adjustment may end and it may rebound to $1.20. If it falls below $0.76, the downward trend may resume and the AVAX/USDT pair may fall to $0.50.

Avalanche price analysis

Avalanche price recovery is blocked and shorts are selling. The 20-day moving average ($42.11) is down, the RSI is negative, and the bears are dominant. The support levels are $35.50 and $33.50. If they are lost, they may fall to $30.50.

A breakout and close above the 20-day moving average is a strong signal, or a rebound to the Fibonacci retracement levels of $44.70 and $47.31.

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