AVAX Price Plunges: $8.32 Target Looms Amid Overextended Market

AVAX has reached an overbought and overextended state in the market.

The AVAX price prediction for $8.32 or bust before a pullback suggests that investors are looking at a significant drop.

This comes after the token's recent surge to its current high, with some analysts attributing the growth to increased adoption and development of the Avalanche network.

However, others warn that the token is due for a correction, citing technical indicators such as RSI and Bollinger Bands.