Avalanche (AVAX) has fallen below the critical $30 support level, attracting short sellers and signaling potential further declines. The breach of this support, combined with rejection at the 50-day EMA resistance, suggests bearish momentum. Liquidation data shows increased volatility, with a rise in short positions. AVAX’s future trend depends on market sentiment and development activity, which remains stable but shows reduced whale interest.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
