Avalanche (AVAX) is priced at 17.19 USD, down 25% in two weeks. Resistance at 22.87 USD has limited any recovery attempts, causing investor sentiment to remain low.
With only 3% of AVAX holders currently in profit, selling pressure is reduced, but the bearish momentum indicated by a declining RSI suggests possible further price drops, especially if it falls below 16.25 USD.
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