Avalanche, testing $10 for the second time since 2021 ( AVAX) fails in its next attempt, it could pave the way for a drop to $2.
Popular coin Avalanche (which touched $10 twice in July 2021) AVAX ), has recently reached this level again. The major coin, which managed to find a buyer from a critical support point, reached $ 16.05. However, the FUD news that has been coming one after another in the last few days has made AVAX and especially BTC It seriously shook him. AVAX, which once again threw an injection for $ 10, received a weak reaction this time. This strengthens the possibilities for a drop to $2.80.
Avalanche (AVAX) chart analysis
The weekly chart provides us with important data so that we can evaluate the long-term price structure of AVAX. Lastly, AVAX, which pinned 10 dollars last month and in July 2021, is currently pricing very close to this value. With the break of $10, AVAX’s next support points can be followed as $9.39 – $6.89 and $2.81.
Although there is a minor difference between $6.89 and $2.81, the severity of the decline may become very large due to gaps in the chart structure. With $10 working as support and breaking above $12.18, AVAX’s new targets will be $12.83 and $16.05.
