Why Avalanche (AVAX) Price Has Fallen Behind Solan
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Why Avalanche (AVAX) Price Has Fallen Behind Solana, TRON, and BNB
Following a rejection from the consolidated zone between $8.50 and $10, the Avalanche (AVAX) price has been facing massive selling pressure. The bulls attempted hard to prevent a continued bearish action, while the latest pullback has intensified the possibility of a deeper correction. Moreover, the token has remained under heavy pressure this cycle, continuing to lag behind major cryptos like Solana (SOL), TRON (TRX), and BNB despite maintaining strong ecosystem development.
While rival Layer-1 tokens have benefited from stronger narratives, liquidity inflows, and user-driven momentum, the AVAX price has drained heavily from the yearly highs and is currently trading near the local lows around $6. This raises a question about the current demand for the token, which appears to be fading.
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