【See Drop】
AVAX is currently at 11.175, down 2.61% over the past 24 hours. It is still up 48.01% over the past 7 days. The intraday range is 10.764–11.799, with a volatility of 9.6%.
【Market Overview】
AVAX is down 2.61% in the last 24 hours. After bouncing back to around 11.799, it was pushed back down again. The area above has a high density of trapped positions.
In the short term, there are no signs that weakness has been reversed, and selling pressure is still being released continuously.
When you put BTC’s +6.24% alongside it, AVAX’s performance is clearly weaker.
Near-term bias is bearish.
【Bearish Rationale】
The sell pressure around 11.799 has not been fully digested yet; each rebound has been weaker in strength than the last.
The focus continues to shift downward below 11.799, and there’s still no sign of solid near-term support taking hold.
A drop of 2.61% doesn’t mean it’s the bottom. Before catching the falling knife, check the trading volume.
For now, watch whether 10.764 can hold. If it breaks, don’t rush to catch the falling knife.
$AVAX #AVAX
AVAX is currently at 11.175, down 2.61% over the past 24 hours. It is still up 48.01% over the past 7 days. The intraday range is 10.764–11.799, with a volatility of 9.6%.
【Market Overview】
AVAX is down 2.61% in the last 24 hours. After bouncing back to around 11.799, it was pushed back down again. The area above has a high density of trapped positions.
In the short term, there are no signs that weakness has been reversed, and selling pressure is still being released continuously.
When you put BTC’s +6.24% alongside it, AVAX’s performance is clearly weaker.
Near-term bias is bearish.
【Bearish Rationale】
The sell pressure around 11.799 has not been fully digested yet; each rebound has been weaker in strength than the last.
The focus continues to shift downward below 11.799, and there’s still no sign of solid near-term support taking hold.
A drop of 2.61% doesn’t mean it’s the bottom. Before catching the falling knife, check the trading volume.
For now, watch whether 10.764 can hold. If it breaks, don’t rush to catch the falling knife.
$AVAX #AVAX
