The past month marked Avax’s biggest drop since it started to lose momentum in December. Losing over 70% of its valuation so far, it tested a year low today but has seen a slight bounce. Avax’s bearish trend has continued to expand monthly due to a steady reduction. Looking at the recent setup, bigger drops lie ahead for the asset as it now signaled a mid-term downtrend. As we can see on the daily chart, things have become uglier this week as the price dipped to a yearly low of $15.2 earlier today. Rejecting this low, it has recovered slightly
The post AVALANCHE PRICE ANALYSIS & PREDICTION (March 11) – Avax Taps a Year Low After Posting Over 40% Loss in a Month appeared first on The Merkle News.
