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Crypto

Avalanche Price Cracks Under Pressure as Bears Tighten Grip

Guavy AI Editorial Team
Instruments
BTC BNB SOL AVAX OM
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Avalanche (AVAX) is struggling to find momentum at $6.36, stuck below every major moving average and hovering above a critical support line of $6.30.

According to Timothy Morano, AVAX is essentially a parked car on a downhill slope, its broader Layer-1 narrative having deflated due to Bitcoin's gravitational pull on liquidity and DeFi-native capital being drawn towards Solana's ecosystem.

The spot volume on Binance sits at $5.19 million over 24 hours, indicating no institutional accumulation or retail FOMO, but rather a thin, directionless market where price is drifting on autopilot.

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