Markets· ★★· bearish·

AVAX falls 2.91% to $8.78, stays below short-term averages

  • —Daily loss 2.91%; down 10.07% over seven days and 17.61% over 30 days
  • —Volume of $297.2 million is 34.76% below the 30-day average of $455.6 million
  • —RSI at 35.4 and stochastic at 3.5 signal oversold conditions and rebound potential
  • —Support at $8.39, resistance at $8.89; market cap around $3.9 billion
Why it matters: Oversold readings leave room for a technical bounce, but without volume and a break above $8.89 the downtrend holds.
#AVAX
Source: DiarioBitcoin
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