Avalanche (AVAX) falls 4.66% to $9.52, tests support levels
- —AVAX at $9.52, down 4.66% on the day, market cap $4.22 billion
- —Daily volume $307.9 million vs $574.6 million 30-day average
- —Price below 7-, 15- and 30-day SMAs but above the 50-day SMA at $9.33
- —Down 13.32% over seven days, up 44.13% over 90 days
Why it matters: Losing the $9.33 50-day SMA would open the door to further downside, while reclaiming short-term averages would ease near-term pressure.
Source: DiarioBitcoin