AVAX slips to $8.94 and tests $8.70 support
- —AVAX fell 3.13% to $8.94, with an intraday low of $8.70
- —Daily volume of $314M is 32.37% below the 30-day average
- —RSI at 37.1 and a bearish MACD offer no sign of a reversal
- —Price sits below the 7-, 15- and 30-day SMAs, keeping the short-term trend down
Why it matters: AVAX's slide on thin volume signals a lack of buyers; a break below $8.70 could accelerate the decline.
Source: DiarioBitcoin