Avalanche (AVAX) in 'overbought' zone after 100% gains in a week — Correction...

Avalanche (AVAX) in 'overbought' zone after 100% gains in a week — Correction...

The AVAX/USD exchange rate slips more than 16% after testing its May resistance level. The Avalanche blockchain platform's native asset, AVAX, fell on Aug. 19 as traders decided to secure their profits from its 100% upside move.The AVAX/USD exchange rate plunged more than 16% after hitting a three-month high of $36.64, putting the brakes on a seven-day upside boom that saw its price rise by 111%. It appears that traders felt uneasy about entering AVAX markets near $36 because of its historical reference as a sell-off level, capping AVAX's previous recovery attempts from March to....


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