The technical analysis of AVAX shows there is a lack of uptrend in the market due to high selling pressure with prices moving below 200-day SMA and RSI struggling to move above 40. Falling off from the list of the top 10 most valuable cryptocurrencies, Avalanche (AVAX), has lost more than 90% of its value in 2022. Over the last 24 hours, it has lost more than 7.56% in terms of the market cap due to a prolonged bearish trend. Since last week it has been witnessing strong bearish momentum losing over 8% in the last 7 days. With a The post AVAX Technical Analysis: As Bears Continue, Avalanche Break The Consolidation appeared first on Cryptoknowmics-Crypto News and Media Platform .
