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AVAX’s Retracement Extends to $35; Traders Watch These Price Levels

AVAX's price stabilized around the $35 price level after the significant dip from the $50 resistance.

AVAX’s price action continued to succumb to the bearish pushback, sinking to $35 after hitting the $50 psychological price level. The bullish run had seen Avalanche's AVAX hit $50 in late December. However, the selling pressure at the level produced a 30% dip, curtailing the bullish upward trend.

A look at AVAX’s current price action revealed the possibility of another bullish run if buyers can break the bearish resistance at the $50 price level

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