The price of Avalanche (AVAX) is currently falling below the moving average lines, according to cryptocurrency analysts at Coinidol.com. On January 28, the downtrend stopped above the $32 support level and the price corrected upwards as the bulls bought the dips. However, the uptrend has stalled at the 21-day SMA and if the upside momentum breaks above the moving average lines, AVAX will test its previous high of $45. On the other hand, if the altcoin turns down from the 21-day SMA and falls below the $32 support, it will drop further to $20. Currently, AVAX is in a limited range. The price bars are moving below the 21-day moving average line and although the 4-hour chart shows an upward correction, the bullish momentum has stalled at the $36 high. The key resistance levels for AVAX are $60 and $70, while the key support levels are $30 and $20. The analysis suggests that AVAX's price could fall further as it is below the moving average lines, and on the daily chart, selling pressure will return if the altcoin is pushed back through the 21-day SMA. The next support level is at $20.



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