AVAX Price Plunges 6.45% as Momentum Flatlines

AVAX has taken a significant hit with a 6.45% intraday drop, leaving its momentum flat at a critical crossover point and open interest bleeding out.

The asset's price opened near $11.28 but quickly fell to a 24-hour low of $10.38, indicating pressure rather than gentle profit-taking.

AVAX is currently sitting below the daily pivot at $10.70, which flips from support to resistance if it fails to reclaim that level on any bounce attempt.

The longer-term thesis remains intact due to AVAX's position above major structural moving averages, but pullbacks can quickly become reversals when the market is leaning in the wrong direction.