Avax is a logical project but we are in a hard crypto winter right now! Losing %50-60 value in a short period of time is normal for altcoins in this era. Avax lost %59 of its value in the last 6 weeks. Luna hodl AVAX as a reserve currency and Lunas downfall affected Avax badly!
39 USD price zone is a strong support zone! If its brokedown we can experience strong bearish action! DO NOT BUY Avax right now! Wait for price consolidation within this week.
Important support zone 39 30 23 20
If price cant hold 39 USD strong movement to the 30 USD should be expected! 30USD area hold the line today and price moved back up quickly above 39 USD. But price can go lower than 30 USD and if it happens price can go 23-20 USD zone pretty quickly!