Resistance

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Avalanche

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<ul class="news-points wp-block-list">
 <li>AVAX faces key resistance at $43.81, challenging a potential bullish reversal.</li>
 <li>A breakdown below $42.00 could push AVAX towards the next support at $40.00.</li>
 <li>Decreased trading volume signals cautious sentiment, limiting potential price recovery.</li>
</ul>
Avalanche (AVAX) has been experiencing a downward trend in its price movement, currently at $42.15. Over the last 24 hours, the price has decreased by 3.85%, signaling a shift in market sentiment. With its resistance levels being tested and a significant drop in trading volume, many are wondering if AVAX can recover to the $50 mark or if further declines are in store.
<h2 class="wp-block-heading" id="h-key-resistance-and-support-levels-to-watch">Key Resistance and Support Levels to Watch</h2>
Currently, AVAX is facing a key resistance level of around $43.81. Despite attempts to break this threshold, the price faced substantial selling pressure, which caused the downtrend to continue.&nbsp;
This resistance point remains crucial for any potential bullish reversal. Therefore, for AVAX to show a more sustained upward movement, it must break through this level, paving the way for higher prices.
Read also : <a href="https://coinedition.com/avalanche-vs-tron-market-cap-battle-avax-wins/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Avalanche vs. TRON: Market Cap Battle, AVAX Wins</a>
On the flip side, the support level around $42…
The post <a href="https://coinedition.com/avalanche-outpaces-the-crypto-market-is-50-next-for-avax/" rel="noopener noreferrer nofollow">Avalanche Outpaces the Crypto Market: Is $50 Next for AVAX?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Avalanche Outpaces the Crypto Market: Is $50 Next for AVAX?

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