AVAX is one of the weakest bigger alts that's currently on the market. With AVAX losing the key purple support area, I'm anticipating further selling. With a weakening Bitcoin, I won't be surprised if AVAX will fall back all the way to the 2021 lows.
From a TA perspective, this yellow area would be a decent long-term entry area if you're waiting for a long-entry. However, there is a reason for AVAX to be so weak, so be watchful.
From a TA perspective, this yellow area would be a decent long-term entry area if you're waiting for a long-entry. However, there is a reason for AVAX to be so weak, so be watchful.
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