Avalanche
Why Avalanche is down 1.0% in the last hour
Analysis
Avalanche (AVAX) slipped about 1.0% over the past hour as a bearish narrative circulated despite strong on-chain usage. AMBCrypto highlighted that Avalanche activity surged 20x, but warned that AVAX could still face downside risk and potentially slip below $11, which may have weighed on near-term sentiment and prompted selling.
Contributing Factors (1)
Avalanche activity surges 20x, yet AVAX could slip below $11 – How?
AVAX sees a dramatic rise in active addresses and C-Chain momentum, suggesting potential for price stabilization.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.