AVAX Sheds 50% Over The Last 60 Days – More Losses Ahead?
AVAX, the native token of Avalanche blockchain network, has now lost almost 90% of its November 21, 2021 all-time high price of $144.96. AVAX was severely affected by buying pressure over the last two months The altcoin declined by almost half over the last 60 days Resistance range targeted by AVAX is between $18.3 and $18.5 According to tracking from Coingecko, at press time, the cryptocurrency is trading at $15.07 and is seeing red in every zone of its price monitoring chart. In its intraday performance, the altcoin is down by 1.3% and has declined by 3.9% over the last seven days. AVAX....
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The Avalanche token (AVAX), like most other altcoins, felt the bearish impact of the general market downturn, which resulted in a billion-dollar liquidation in the crypto market. Historical price data, however, shows that AVAX has been experiencing selling pressure long before this recent market crash. As expected, the struggling price of the Avalanche token has also been reflected in the portfolio of the cryptocurrency’s investors, who seem to be drowning in losses at the moment. AVAX Holders In Profit Reach All-Time Low: IntoTheBlock On Tuesday, August 22, market intelligence....
Crypto market correlation and Valkyrie's Avalanche fund launch also helped push AVAX to a weekly high. Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support. Now, the AVAX/USD pair faces the possibility of continuing its upside retracement move further into Q2.A 30%-plus move ahead?AVAX's price surged to almost $69.50 on May 5 from nearly $55 on April 30, a 25% jump. Interestingly, AVAX's rebound move surfaced inside the same support area ($54-60 range) that had preceded a 100% and a 175% price rally in the January 2022-April 2022 and the....