The price of Avalanche (AVAX) has been consistently fluctuating between $32 and $45 since December 20, 2024. Traders are buying on dips and selling on rallies. On January 19, AVAX fell below the 21-day SMA and hit a low of $35. Bears are attempting to break the current support level of $35, which could result in a fall to $32. However, if the current support holds, bulls will likely buy on dips. AVAX is currently valued at $35.01. Key resistance levels are $60 and $70, while key support levels are $30 and $20. AVAX has been in a downtrend since January 19, with the moving average lines acting as a barrier to an uptrend. Significant buying pressure is indicated by extended candlestick tails near the $35 support level. This analysis and forecast are personal opinions and not a recommendation to buy or sell cryptocurrency. Readers should conduct their own research before investing.



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