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AVALANCHE PRICE ANALYSIS & PREDICTION (January 12) – Following This Week’s Meltdown, Avax Nears a Critical Support But Can It Hold? 

  • Avax has experienced serious reductions in the last few days, but it seems to be reaching a critical support level in the daily timeframe.
  • The price is slowly reaching a critical support level of $35 as selling pressure drops a bit on the daily chart.
  • If the bulls defend the support well, a fresh increase with a double-bottom formation on the daily chart could lead to a strong bullish move.
  • On the other hand, a breakdown below the critical support could result in further bearish movement.

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