AVAX Challenges to Sustain V-Shaped Recovery Amid Bearish Sentiment

Reported 2 days ago

AVAX has shown a short-term V-shaped recovery, struggling to maintain its momentum following a 1.4% drop to $18.43. Despite forming a descending channel and facing selling pressure, the token found support between $18.15 and $18.25 and demonstrated strong buying during dips. Recent price actions indicated potential consolidation after significant trading activity, but bearish sentiment persists.

Source: YAHOO

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