1
Avalanche crypto price currently trades at $8.99, with a decline of 0.44% during the intraday session.
2
AVAX price falls below 20, 50, 100, and 200-day exponential moving averages.
3
The year-to-date return of Avalanche is -17.71%.
Avalanche (AVAX) price has been on a downtrend after facing rejection from $16 and has broken below the $10 support level. The cryptocurrency started to surge during the middle of June, rising from the low of $11.30. The bullish move was halted as the price faced strong rejection from $16, and the candle closed below $15.
AVAX’s price declined firmly and broke the support level from where the bullish rally commenced, which is $11.30. The cryptocurrency price has broken below $10 and formed support at $8.70.
Source: AVAX/USDT By TradingView.
The last two candles closed bullish, indicating a rise in the participation of bulls. However, the current candle has turned bearish after breaking the previous ca
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