- AVAX price faces a reaction from bearish divergence in its oscillators.
- Bulls may be waiting to enter at a powerful support zone that combines Fibonacci and Ichimoku levels.
- Retracements before the holiday season are normal.
AVAX price opened the week very strong with a new all-time high and after hitting the much sought-after $100 price level. Since hitting those two milestones, however, AVAX has plummeted more than 16% from the new high. Unfortunately for bulls, prices look like they will continue moving south.