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AVAX Price Tests Key $35 Support: Bounce Incoming or Deeper Drop to $33?

Author: Content Editor
AVAX Price Tests Key $35 Support: Bounce Incoming or Deeper Drop to $33?
The price of Avalanche (AVAX) is currently testing a critical support zone between $35.15 and $35.70, attracting attention from traders and analysts. If this support holds, AVAX may experience a strong bounce and a possible bullish reversal, potentially reaching the upper resistance at $38. However, if the support level fails, the price could move further downward toward the historical consolidation zone at $32. Buyers are aiming for a main ideal price area of $38, with resistance levels at $40-$42 and a key milestone at $46. The market needs solid demand growth and active investor involvement to reach these levels. Data shows that 59% of AVAX holders earned profits at $36.19, but 33% lost money at the same price. Most investors plan to hold AVAX for at least 12 months. The behavior of whales, who hold a significant portion of the total supply, greatly impacts AVAX trading. Institutional investors and wealthy individuals have made large transactions in the past week, demonstrating their ongoing market presence. The next few weeks for Avalanche depend on whether the support level at $35.15-$35.70 holds or breaks.

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