Avalanche AVAX has been hit exceptionally hard due to the Terra Luna collapse, having endured a 90% retracement from its previous all-time high.

The bulls are fighting back on the 3-day time frame, showing signs of a potential reversal with the RSI having crossed its triple top of 31. That being said, volume in recent days has been far from exceptional so the ball is still in the court of the bulls to show their strength.

Even if the bulls do recover, there is stiff resistance ahead for Avalanche as can be seen with the VRVP indicator.

The daily time frame is where the bulls are showing their heads, having created and maintained a short uptrend. Let’s see what our technical analysis around Avalanche AVAX price prediction reveals!

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