Avalanche Price Under Pressure Despite Upgrade Efforts

Avalanche's recent price action has been marked by a decline of 7.28% in just one day, with its current price at $10.35.

This downward trend is reflected in the asset's position below both its short- and medium-term moving averages.

The recent Helicon upgrade on Mainnet has implemented measures to reduce AVAX inflation by 0.5 to 1% and has also introduced features that make staking more accessible, such as a two-day minimum staking period.

Despite these positive developments, Avalanche's price continues to face downward pressure.