AVAX traded at $9.08 Tuesday morning, edging toward a critical support threshold at $8.95. The move follows weeks of downward pressure on the asset.
Price Movement
Traders watched AVAX hold steady at $9.08 for most of the session. The asset has been falling for three straight days. It’s now just 13 cents above the key support level.
Support Level Significance
The $8.95 mark represents a critical psychological barrier. If AVAX dips below it, the selling could accelerate quickly. Traders have seen this level trigger selloffs before.
Market Reaction
Volume stayed low as the price approached $8.95. There were no major buy orders to push it back up. The asset kept hovering near the support line all morning.
Next Key Level
$8.95 is the next obvious line for AVAX. A break below might lead to a slide toward $8.50. Holding above it could spark a short-term rebound. The asset is sitting right on this threshold now.
