The price of Avalanche (AVAX) has remained above the $22.50 support level but below the moving average lines. The altcoin experienced a dip to $15 in early February but has since stabilized above $22.50. If the $22 support is broken, the altcoin may fall back to $15. On the other hand, breaking above the 21-day and 50-day moving averages could lead to an uptrend with a potential target of $44. Currently, AVAX is trading at $26 and exhibiting limited price movement on the 4-hour chart. Key resistance levels are at $60 and $70, while support levels are at $30 and $20. The analysis and forecast presented are the author's personal opinions and should not be considered investment advice.



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