$AVAX is under renewed pressure as the token slips 2.3 percent to around $9, raising concerns about whether this key support level can hold.
A breakdown below $9 could open the door to deeper downside targets, while bulls need a reclaim of $9.30 to stabilize momentum.
Despite the price weakness, Avalanche’s network fundamentals remain strong with extremely low transaction fees and growing efficiency. Meanwhile, ecosystem activity continues through projects like $AVAX One, which has expanded its holdings and generated new revenue, highlighting the contrast between short term price action and long term development strength.