$AVAX update, and it's not looking pretty at all.
After failing to sustain above the 21.50-21.70 zone, we've seen a pretty brutal rejection and a strong move down.
We've now sliced through multiple support levels and are currently testing the critical 20.00-20.10 area.
If this zone doesn't hold, we could easily see $AVAX head lower, possibly retesting previous lows. The momentum is clearly to the downside right now.
No sign of a strong bounce yet, so be cautious if you're looking for entries.
The bears are in control.
