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

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