Avalanche (AVAX ($12.75)) surged over 600% from October 2023 to March 2024, drawing significant attention. However, it has recently lost momentum, with prices declining after testing the $21 support level. If AVAX fails to maintain this support, it could face further serious losses. Technical analysis suggests a potential 30% drop for AVAX, raising concerns among its community.
AVAX Coin’s Critical Support Level at Risk
AVAX coin originally exceeded the $21 mark in 2021, sparking a notable bull rally. This rally peaked at $65.39 in March 2024, but since then, the popular altcoin has been in decline. By December 2024, AVAX had retraced to $55.79, resulting in a loss of over 60% since its peak.
Avalanche AVAX Price Analysis, Commentary (March 5, 2025)This week, AVAX has returned to the critical $21 level. While it found support at this...
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