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We can see that AVAX is in a position where it can go to $55 or make a retest of the $40 zone. Moreover, the RSI is showing a loss of momentum but not a bearish divergence. After 3 months of nearly non-stop uptrend, Avax is in an important area.
If the price can push further, we might see Avax at $70. However, if there is a retest at $40 and the level breaks below, we will see Avax at $31, which is an area that served as resistance historically but can be a great support now.
In a daily time frame, however, indictors tell us a different story :
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