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06/20 04:52Бычий

Avalanche faces renewed pressure: AVAX falls 9.5%

Avalanche faces renewed pressure: AVAX falls 9.5% as traders exit positionsAvalanche [$AVAX] dipped 9.50% on the 19th of June. This bearish outlook appears to be driven by ongoing geopolitical tensions, the broader market trend, and the breakdown of a major support level.At press time, $AVAX tanked 9.50% over the past 24 hours and was trading at $6.07. Despite the sharp price decline, the asset’s trading volume recorded a sudden spike, indicating strong participation from market participants.This surge in activity suggests that traders are actively following the current trend, further reinforcing $AVAX’s bearish momentum.The decline was likely influenced by the postponement of U.S.-Iran talks following fresh attacks in Lebanon, which turned the crypto market down 2.66%. $AVAX chart signals more pain aheadAccording to TradingView’s daily chart, today’s 9.50% decline has extended $AVAX’s bearish trend for a third consecutive day. In fact, this drop triggered a breakdown below the key $6.24 support level, which had acted as a major floor since the 6th of June. #World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary $HTX

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