Avalanche Price Declines as Selling Pressure Continues

Avalanche's price has been declining, reaching $10.34 as of now, which marks a daily drop of 7.71%. This decline is indicated by the asset trading below its short- and medium-term moving averages.

The Helicon upgrade, implemented by Avalanche, aims to enhance the platform's functionality and ecosystem features. Additionally, Remittix has started its BINANCE500 campaign, enabling crypto-to-fiat payments within the Avalanche ecosystem and increasing real-world utility.

However, despite these developments, selling pressure remains dominant in the market. The technical analysis suggests that AVAX is expected to trade within a range of $10.02 to $10.66 over the next one to two trading days, with a 74% probability of further downside.