AVAX falls 4.33% and nears key technical support
BROBROK News · Based on reporting by DiarioBitcoin ·
Avalanche (AVAX) fell 4.33% and remains under short-term pressure, with price below several moving averages and the MACD still bearish. The token is trading near the 61.8% Fibonacci level at $8.37 and above the 200-day SMA at $8.14, while volume is below its 30-day average.
Key points
- AVAX is trading at $8.38 after a reported 4.33% daily drop.
- Price remains below the 7-, 15-, 30- and 50-day SMAs.
- An RSI of 35 and a bearish MACD point to selling pressure.
- Daily volume is 10.25% below the 30-day average.
- No specific catalyst for the decline has been confirmed.
Why it matters
The move highlights technical weakness in AVAX and the price areas traders may watch in the near term. For crypto investors, it shows how an asset can stay under pressure even without a clear event driving the decline.
Original headline: “Avalanche (AVAX) cae 4,33% y se acerca a soportes clave el 2 de noviembre de 2026”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.