$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.

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