Recently I made an analysis on AVAX where I argued that more downside was likely, with my target area between $32 and $25.
As seen on the chart, AVAX has successfully reached the bearish target area and has been consolidating ever since. For now, it's still unclear where AVAX will go next. If we can get a convincing break out below $25 or above $32, I'd wager that we're going to trade that direction for a while.