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Will AVAX Price Crash to $5?

  • Avalanche (AVAX) price is under pressure and near multi-month lows, sparking concerns of a potential crash to $5.
  • Current AVAX price is around $18, with a bearish trend since late May, showing controlled downward movement.
  • Key support zones for AVAX include $17.73, $15.20, $13.40, and $8.00, with potential scenarios of further price drops if supports are breached.
  • The Relative Strength Index (RSI) indicates bearish momentum near oversold levels, with weakening buyer confidence.
  • A crash to $5 would require macro crypto collapse, AVAX-specific negative news, or market-wide panic selling, with Fibonacci extensions indicating $5 as a possibility.
  • While a bounce towards $20 is possible if $17.73 holds, the bearish trend remains strong until higher lows and RSI reversal occur.
  • Investors are advised to cautiously monitor key levels like $17.73, $15.20, $13.40, and $8.00 while waiting for confirmation signals.

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