Danger bells continue to ring in Avalanche (AVAX), which has fallen by more than 20 percent in a short time.
AVAX, which came to a strong resistance band in the big time frame, fell more than 20 percent after the selling pressure it received from there. Danger bells may be ringing for AVAX, which is currently below the weekly and daily opening price. The major coin, which was hovering around $ 16.66, especially worried the AVAX ecosystem.
How can AVAX, which appeals to large audiences in the crypto world, sustain the next price action?
Avalanche (AVAX) Chart Analysis
AVAX, which started a downtrend at $ 21.50, came to $ 16.66 with the dominant sellers. Currently priced below the monthly, weekly and daily opening value, AVAX offers hints that the decline may deepen. The $15.99 – $15.72 level, where buyers took an active role in the past, is on the table again for AVAX’s next stop.
If the crypto market continues to rise or if there are positive developments on the AVAX side, the levels of $ 18.22 – $ 19.33 and $ 20.40 can be targeted again, respectively. AVAX, which has a large share in the crypto ecosystem, seems to have already made its investors curious for the next price action.
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