Avalanche ( $AVAX ) Technical Analysis:
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Avalanche may be entering a bullish third wave, with potential gains if key supports hold. Key levels to watch:
- Support: $25-$31 (critical zone for buyer activity)
- Pivotal level: $32 (distinguishes between wave counts and directions)
- Risk: Break below $25 could invalidate bullish trend
Current price movements are choppy, with mixed signals. Maintaining November lows is crucial for the uptrend.
Bullish prospects depend on holding support levels. A dip to $25-$31 could offer buying opportunities.
