$AVAX analysis:

- Current Status:

- Trading at $23.37, down 7.77% in 24 hours

- Bears still in control, with sustained bearish pressure

- Market Movement:

- Rejected from $26.54 peak, sliding continuously

- New local low at $23.26, with sellers pushing price down

- Outlook:

- Potential dip towards $22.50-$22.00 support zone

- Short-term traders should remain cautious, avoiding long entries

- Key Levels:

- Resistance: $24.00-$24.50

- Support: $22.50-$22.00

- Strategy:

- Watch for shorting opportunities with proper risk control.

Trade here on $AVAX