💥#Avalanche ($AVAX ) has suffered a drop of 8.77% to $24.05 in the last 24 hours, with trading volume spiking by 52.97%.

This setback, although concerning in the short term, follows a robust increase of 32.37% over 30 days. Technical indicators suggest a possible oversold condition, placing the SMA-7 at $24.72.

Despite the volatility, a $250 million plan to tokenize real-world assets (RWA) on Avalanche offers a strong long-term outlook.