$AVAX Avalanche of Selling - More Downside Ahead?

$AVAX is under bearish assault, falling from 24.18 to 22.23 and settling at 22.62 with a -2.42% daily loss. Red candles dominate the 1H chart, with minor green attempts quickly rejected, pointing to weakening Layer 1 momentum.

Trade Setup (Short)

• Entry Zone: $22.60 – $22.70

• Stop Loss: Above $23.00

• TP1: $22.30

• TP2: $22.00

• TP3: $21.50 (extended target)

Market Insight:

Volume spikes align with drops, and MA(5) crossing below MA(10) confirms the shift to bears. Hold short below $23; a close under $22.23 may trigger further declines. Broader market correlation could amplify this.

Buy and Trade $AVAX here👇🏻

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