$AVAX Avalanche Hits the Bulls!
Avalanche ($AVAX) faced a sharp downturn as $2.4049K worth of long positions were liquidated at $33.872. This move underscores the risks of over-leveraging in volatile markets.
🔍 Market Breakdown:
Bearish momentum broke through key support, triggering liquidations.
Increased selling pressure pushed prices further down, intensifying the cascade.
📉 Critical Levels to Monitor:
$33.00: Immediate support—if lost, further declines could follow.
$35.00: Resistance that bulls must reclaim to regain control.
🔥 What’s Next for $AVAX?
Will bulls rally to defend key levels, or will bears press their advantage? The market is on edge, and swift moves could create opportunities for sharp-eyed traders. Stay vigilant—this is a pivotal moment for $AVAX! 📊