Avalanche Stabilizes Amid Persistent Selling Pressure
- Avalanche (AVAX) has lost over 60% of its value since mid-December.
- Price is stabilizing between a critical demand zone of $25.30 and $26.10.
- The current price is $26.7, following a recent 7% increase.
- The $27 mark is identified as a significant resistance level for AVAX.
- A potential rally could target the $30 mark if momentum holds above key levels.
Avalanche’s price action shows signs of stabilization within the $25.30 to $26.10 demand zone, with recent trading at $26.7 after a 7% surge. The next crucial step involves overcoming the $27 resistance to potentially reach a target of $30.
Source (2.6)https://www.newsbtc.com/news/avalanche/avalanche-holds-key-demand-zone-analyst-sets-30-target-if-momentum-holds/?rand=52377