$AVAX I am of course always positively inclined towards @AVAX CHAIN , but the market dictates the terms to us, so we have to adapt.

The price of avalanche remains under a clear downward trend, and every bounce into this trend zone is quickly sold off.

Currently, there is an unclosed gap visible under the current prices

after the sharp drop on 10/10. Often, the market tries to close such gaps

before forming a more stable bottom. Therefore, it is worth closely monitoring the zone $9.00–$8.50. This is where a reaction from buyers and a potential base for a reversal may appear.

While the trend is down — caution is key.

And of course, DYOR😏

#AVAX #Avalanche #Binance #altcoins

AVAXUSDT

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