Avalanche (AVAX) price continues to hold key support against tether (USDT) as price finds itself amid death or survival. The crypto market has become promising as most altcoins appear bullish coming out of their shells, but the likes of Avalanche (AVAX) price continue in their struggle to survive. (Data from Binance) Related Reading: Crypto Market Setting Up For “Squeeze Of Historic Proportions”, Will BTC Price Get In The Way? Avalanche (AVAX) Price Analysis On The Weekly Chart The price of AVAX has had a tough time replicating the move from a weekly low of $16 to a high of $30 as the price continues to remain dormant with little price action. In recent weeks, the price of AVAX showed so much strength rallying to $30 before being rejected, and the price has failed to hold above $22, acting as an area of interest. AVAX price was not able to break out of the downtrend channel, forming a strong bullish bias as the crypto market could be set for a minor rally. The price of AVAX saw a rejection from $25 and has struggled to reclaim this region; for AVAX to have a chance of trending higher, the price needs to reclaim $25 and flip it into a support for the price to trend higher. If the AVAX price maintains this bearish structure, we could see the price of AVAX retesting the weekly low of $17, serving as good support for buy orders. Weekly resistance for the price of AVAX – $25. Weekly support for the price of AVAX – $17. ...
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