AVAX Holds Key Support, Ready for a Bounce?

AVAX corrects to the $39–$41 support zone, a critical level for price action. A bounce here could target $50 and $55, with a breakout confirming bullish momentum.

12/10/20241 min read

AVAX price drops to $39–$41 support zone. Potential upward targets include $50 and $55 if the descen
AVAX price drops to $39–$41 support zone. Potential upward targets include $50 and $55 if the descen

📊 In recent days, AVAX broke its short-term uptrend and entered a correction, dropping to the key support zone of $39–$41.
🔴 This support has played a significant role in recent price action.
✅ A positive reaction at this level could push the price toward resistance levels of $50 and $55.
👉🏼 Breaking the descending trendline and stabilizing above $50 would confirm further bullish momentum.