Avalanche (AVAX) drops 8.90% to $10.09, tests key support levels
- —AVAX fell 8.90% to $10.09 from an $11.05 open, with a daily range of $9.81–$10.95
- —Trading volume reached $659.8 million, 18.13% above the 30-day average
- —Price sits below the $10.62 VWAP and SMA-5/10/20, but above SMA-30 at $9.66 and SMA-50 at $8.77
- —RSI stands at 50.4 in neutral territory, while MACD remains bearish
Why it matters: Holding the SMA-30 and SMA-50 keeps the medium-term trend intact, but a break below $9.66 would open the door to further downside.
Source: DiarioBitcoin