Avalanche (AVAX) Facing Continued Bearish Pressure Amid Death Cross Formation

Tuesday, 11 June 2024, 18:30

Amid a persisting death cross from April, Avalanche (AVAX) struggles to reverse its downward trend, raising concerns of further downside potential. Traders remain cautious as the price hovers near a critical support level, with the risk of breaching it looming. The bearish sentiment surrounding AVAX suggests a challenging path ahead, amplifying the likelihood of extended losses in the near term.

https://store.livarava.com/7415c2a1-2822-11ef-a413-9d5fa15a64d8.png — Avalanche (AVAX) Facing Continued Bearish Pressure Amid Death Cross Formation

Avalanche (AVAX) Price Analysis:

Amid the ongoing death cross formation since April, AVAX remains under significant selling pressure.

Critical Support Level Threatened:

The persistent bearish sentiment could push AVAX below a crucial support level, signaling further downside risks.

Traders cautious amid uncertain market conditions
AVAX struggles to regain upward momentum

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Avalanche (AVAX) Price Analysis:

Critical Support Level Threatened:

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