Avalanche price prediction – Is a 12% AVAX rebound coming?

Avalanche price prediction showed that AVAX's pullback could ease at $50 and re-target $55 in the short-term.

recent pullback could offer a nice long position entry with a 12% potential gain. However, altcoin could offer great long- and short-term opportunities.

If the trend repeats, we can expect a bounce at these levels, providing a nice entry for a long position at $49.7.The area below the high at $49.8 can be the stop loss to preserve capital, meaning a drop below $48 would invalidate the long position. Besides, the above-average inflows, as shown by the CMF, supported the likely price rebound projection.That said, the early-week shake-out was driven by a liquidity hunt. According to Coinglass, AVAX had tapped the liquidity at $52 and went for the one below $50 at press time.

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