AVAX investors be careful: The price is in the danger zone!

Avalanche (AVAX), which retreated as Bitcoin (BTC) failed to hold above $71,000, has reached a critical region.

BTC, which rose from $ 61,000, quickly moved the altcoin market up. Although BTC dominance increased during this period, many altcoins experienced sharp increases. Later, BTC's failure to exceed $71,500, which is a critical resistance, naturally created selling pressure. One of the altcoins most affected by the sales pressure was AVAX. What is the latest situation in the popular coin, which has fallen below the minor support in a short time?

Avalanche (AVAX) scared investors!

The major coin, which recently reached $65 and gave signals of a bull run, made this excitement short-lived. Major coins, which fell into the background with the strengthening of the Memecoin and RWA trend, lost value one by one. The popular coin, which rose from $65 to $53.89 in just a few days, started ringing alarm bells.

AVAX, which changed hands at $ 53.89 as of the writing of the news, may test lower levels if BTC continues its downward trend, BTC dominance increases or other trends come to the fore. In such a scenario, there may be a movement towards 48.33 – 43.64 – 38.53 – 33.25 and 27.35 dollars respectively. In a scenario where things are going well, increases to 55.10 – 59.42 – 65.51 and 75.48 dollars can be followed, respectively.

Avalanche, which has a large audience in the Turkish crypto ecosystem, is followed with curiosity. Especially the good success of the Solana ecosystem turned everyone's attention to Avalanche.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.