Avalanche
Why Avalanche is down 4.7% today
Analysis
Avalanche (AVAX) fell 4.7% over the past 24 hours as traders appeared to focus on bearish price-risk signals despite a sharp uptick in on-chain activity. AMBCrypto reported that Avalanche network activity surged roughly 20x, but warned AVAX could still slip below the $11 level—framing the activity spike as not necessarily translating into near-term price strength and reinforcing downside caution.
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.