The cryptocurrency Avalanche (AVAX) has fallen below the expected support level of $20.76 twice before rebounding. It initially fell to as low as $15.00 on February 3 but ended the day above the $20 support. Currently, AVAX is fluctuating between the $20 support and below the moving average lines, with a current value of $21. There is buying pressure at the $20 mark, indicating possible support. If buyers defend the current support, AVAX may rebound and rise above the $20 level, with the first barrier being at $25. However, if it breaks down from the moving average lines, AVAX may start a sideways trend. Technical indicators suggest resistance levels at $60 and $70, and support levels at $30 and $20. This analysis should be viewed as personal opinions and not a recommendation to buy or sell cryptocurrency. Investors should conduct their own research before making any investment decisions.



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