<ul data-eligibleForWebStory="true"><li>AVAX is currently testing a crucial support zone that could lead to a significant price reversal.</li><li>If AVAX holds the support level, it may surge towards targets at $31.15, $38.70, and $47.94.</li><li>A failure to sustain support could result in further price declines and increased downside risks for AVAX.</li><li>Analysts highlight the importance of the current support level, indicating a possible bullish movement.</li><li>The Relative Strength Index is neutral, providing insight into potential market sentiment changes.</li><li>The Moving Average Convergence Divergence indicator suggests a slight bullish momentum.</li><li>Investors are closely watching for a potential price reversal at this key support area.</li><li>AVAX is currently trading at $16.32, with a 24-hour trading volume of $456.85 million.</li><li>The coming days will be crucial to determine AVAX's price direction based on its ability to hold the support level.</li></ul>

AVAX at $16.35: Will Key Support Hold or Trigger a $31.15 Surge?

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