Avalanche (AVAX) Bearish Short Term

AVAX is at a crucial level atm, $48 didn't hold Support. Be sure to watch out for this, because a break below could accelerate selling pressure and pull the pair to $42-$44 creating a new Level of Support.

Current Support Broken= $48

New Support Level= $42-$44

This short term bearish view will be invalidated in the near term if the price turns up and holds above the $50. AVAX price could rise to $60 and thereafter attempt a rally to the overhead major resistance at $65.