has entered a slump with its price action. As the broader market faces a modest correction and Bitcoin and Ethereum lose some of their gains, AVAX barely made a move.
The MA50 at approximately $36.97 acts as a short-term resistance level, while the MA200 at $36.81 offers slight support. These closely nestled moving averages suggest a consolidation phase with tight trading conditions.The Relative Strength Index is at 49.63, indicating a neutral stance. There is a lack of strong bullish or bearish momentum.
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