AVAX Slides 5% as Sellers Dominate, Bearish Momentum Builds
Avalanche’s AVAX token faced heavy downward pressure on Tuesday, slipping 5% over 24 hours and underperforming broader crypto benchmarks. The decline came amid heightened volatility and a bearish technical setup.
Market Snapshot:
- AVAX traded between $21.16 and $19.98, carving out a 5.5% intraday range.
- Sellers overwhelmed brief support at $20.10, triggering a breakdown below the psychological $20 level.
- A sharp pullback followed an earlier attempt to reclaim $20.68, which was rejected on high volume (1.58M).
- A late-session bounce to
