AVAX Chart (Source Coingecko) Avalanche (AVAX) has seen a strong drop recently, falling from $30.06 to around $28.38. The coin tested an important support level at $28.30 , which is still holding for now. This level is very important, if buyers defend it, AVAX could bounce back. But if it breaks below, the price may continue to fall toward the next big support at $22.20 . Right now, AVAX is trading below the 200 EMA (4-hour chart) , which shows that the short-term trend is still weak. However, if the daily candle closes above this EMA, it could signal the start of a recovery. In that case, AVAX might quickly rise again toward $30 , and if momentum continues, it could even aim for $35 in the coming days or weeks. Looking at indicators, the RSI (Relative Strength Index) looks positive, meaning buyers are starting to show some strength again. This could be a sign that the selling pressure is slowing down. On the other hand, the MACD (Moving Average Convergence Divergence) gives mix...