Markets· ★★· bearish·

AVAX drops 7.07% to $8.36, tests $8.31 support

  • —AVAX fell 7.07% to $8.36 from an $8.99 open, intraday range $8.34–9.02
  • —RSI at 33 and stochastic at 0.9 signal weakness without confirming a reversal
  • —Daily volume of $348.67M was 16.28% below the 30-day average
  • —Key supports: $8.31 Fibonacci level and the 200-day SMA at $8.16
Why it matters: Losing the $8.16–8.31 support on rising volume would raise the risk of a deeper AVAX decline.
#AVAX
Source: DiarioBitcoin
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