$AVAX went from 7.17 to 12.01 between Sep 16 and Sep 29. That whole run is gone now.
The 8.00 floor held twice, Oct 30 and Nov 13, both lows printed exactly 8.000. Yesterday it finally gave up, daily candle down almost 14% and closed 7.10 on the biggest volume since Nov 10.
Overnight it wicked to 6.74, lowest since Aug 20, and it's sitting around 7.21 now.
For me 6.69 is the line that matters, that's the August low. A daily close under it and there is not much support until the low 6s from the summer.
Upside, 8.00 is old support now. Until price is back above it every pop into 7.5 to 8 looks like a chance for trapped longs to get out.
The 8.00 floor held twice, Oct 30 and Nov 13, both lows printed exactly 8.000. Yesterday it finally gave up, daily candle down almost 14% and closed 7.10 on the biggest volume since Nov 10.
Overnight it wicked to 6.74, lowest since Aug 20, and it's sitting around 7.21 now.
For me 6.69 is the line that matters, that's the August low. A daily close under it and there is not much support until the low 6s from the summer.
Upside, 8.00 is old support now. Until price is back above it every pop into 7.5 to 8 looks like a chance for trapped longs to get out.
