Avalanche

<ul><li>AVAX faces a critical juncture, rebounding at the 0.382 Fibonacci level, but caution is urged as further decline is possible below $30.</li><li>Market sentiment for AVAX is actively engaged, with a trading volume of 4.202M, suggesting ongoing interest and potential validation of price movements.</li><li>The altcoin’s current price at $38.93 reflects a modest 0.86% uptick in the last 24 hours, aligning with cautious optimism.</li></ul>AVAX has recently attracted attention with its intriguing price movements. According to Altcoin Sherpa&#39;s analysis, AVAX, Avalanche blockchain’s token, is currently at a crossroads of market speculation and technical analysis. In a tweet post, he spotlighted a rebound at the .382 Fibonacci level.Despite this bounce, the <a href="https://cryptotale.org/?s&#61;cryptocurrency" rel="noopener noreferrer nofollow">cryptocurrency</a> analyst remains cautious, suggesting that $AVAX could see a further decline in value. A strategic acquisition below $30 is considered advantageous, indicating a watchful approach.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1355691be17341a2a60ba3abbda57224.png" />Significantly, the Fibonacci retracement tool has highlighted key levels where AVAX might experience resistance or support in his daily price chart analysis. For instance, the token found support at the 0.382 Fibonacci level, around $34.13 USDT. Consequently, this level has emerged as a potential turning point for AVAX. However, the overall trend suggests a cautious approach, as the token still hovers below the 0.236 level, around $40.35 USDT.Read full article at C<a href="https://cryptotale.org/analyst-spots-further-decline-in-avaxs-price-suggesting-caution/" rel="noopener noreferrer nofollow">ryptoTale.</a>

Analyst Spots Further Decline in AVAX’s Price, Suggesting Caution

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