Avalanche at Critical Juncture: $2.58M Liquidated - Will Support Hold?
Avalanche faces its moment of truth as massive liquidations rock the market.
The Liquidation Cascade
Traders watch with white knuckles as $2.58 million gets wiped from positions. The support level becomes the battleground where bulls and bears clash.
Technical Pressure Cooker
Price action tightens like a coiled spring. Every candle could trigger the next major move. Market makers circle like sharks sensing blood in the water.
The Bounce-or-Break Scenario
Either Avalanche finds its footing here or risks cascading lower. The charts don't lie—but they don't show mercy either. Another day, another million liquidated in crypto's perpetual casino.
Avalanche could test and bounce from key support as technical indicators show oversold conditions, and a potential for volatility breakout. The Avalanche (AVAX) price has seen a 6.6% drop over the past 24 hours, currently changing hands at the $14.57 level.
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