Bears Overpower Avalanche (AVAX) Bulls as Prices Dip by 0.07%

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• In the last 24 hours, AVAX price has been following a descending trend.
• Bearish sentiment may persist AVAX market as indicated by technical indicators.
• Avalanche has a support at $11.58 and a resistance at $11.78.

Avalanche’s (AVAX) opening price was $11.73, with bulls holding a slight edge. Although this was the case initially, the AVAX price movement was altered as a result of bear market intervention. After that point, AVAX found support at $11.58 and resistance at $11.78 as the bears took over the market.

AVAX has seen a price drop of 0.07% over the past 24 hours and is now trading at $11.73. Both the market capitalization (down 0.07% to $3,651,771,677) and the trading volume (down 2.89% to $106,438,216) reflect the bearish sentiment. The current CoinMarketCap ranking is #18, with a live market cap of $3,654,402,786.

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