Price Analysis of Avalanche
The strong pullback and the failure to initiate a bounce suggest that Avalanche
AVAX
tickers down
35.39 €
may have reached a short-term ceiling.
The bears will attempt to strengthen their position by pushing the price below 33.50 dollars. If successful, selling could intensify, and the AVAX/USDT pair could drop to 32 dollars and subsequently to 30.50 dollars.
Contrary to this assumption, if the price rebounds from the current level and surpasses the 20-day EMA (40.55 dollars), this will suggest demand at lower levels. The pair could then rise to 42.50 dollars.
