To shift towards a bullish market structure, Avalanche must achieve a daily close above 24.95 USD. The 20 USD mark remains a critical resistance level, and recent pressures suggest a bearish continuation towards the 14 USD support.
High trading volumes highlight strong selling pressure following the November rally, indicating ongoing bearish momentum. The 20 DMA at 20.29 USD is acting as resistance, making any significant recovery challenging.
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