Alan Santana suggests Avalanche’s correction could find support between $12 and $13, with consolidation expected before a bullish wave.
Allegations of centralization could pose legal and security risks, potentially classifying AVAX as a security in the future.
Crypto analyst Alan Santana has commented on Avalanche’s current market downturn and where it may be going next.
On TradingView, Santana presented his analysis that begged important questions: “How far down can it go? Where is our corrected path leading? Given the volatility of the crypto market, these issues are, he thinks, quite pertinent.
Key Support Levels and Final Decline for Avalanche in 2024 
According to Santana’s technical analysis, the MA200 (200-day moving average) is important and has held unaltered as a resistance point during this inverted correction.
Usually indicating a change from an upward trend to a downward one, the rounded top on the chart signals that Avalanche (AVAXUSDT) may be in for more downsid

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