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For Avalanche [AVAX], next area of support lies at this Fib retracement level

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.Avalanche performed well in the market over the past two weeks, although it did shed nearly 40% from 11 June to 19 June.

The prices slumped once again after they were unable to push past the $21.5 mark.Bitcoin also ran into a wave of selling in recent hours.

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