{"id":548999,"date":"2023-08-26T19:00:45","date_gmt":"2023-08-26T19:00:45","guid":{"rendered":"https:\/\/uniquehot.com\/?p=548999"},"modified":"2024-06-11T14:28:45","modified_gmt":"2024-06-11T14:28:45","slug":"avax-dump-continues-despite-puma-roc-nation-sneaker-launch-on-avalanche","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/avax-dump-continues-despite-puma-roc-nation-sneaker-launch-on-avalanche\/","title":{"rendered":"AVAX Dump Continues Despite Puma\/Roc Nation Sneaker Launch On Avalanche"},"content":{"rendered":"
AVAX, the native currency of the Avalanche blockchain, is trading at new 2023 lows at the time of writing on August 26. Trading at $10, the coin is down 55% from 2023 highs and roughly 25% alone in August 2023. At this pace, AVAX has not only broken mid-June 2023 lows but could break below the critical June 2021 support.<\/span><\/p>\n
AVAX Is Sinking<\/strong><\/h2>\n
A look at the daily candlestick arrangement in August shows that sellers have been unwavering and firm despite the general optimism amongst supporters. Of note, it is clear that the selling momentum has been strong. AVAX bear bars have been banding along the lower BB, meaning sellers have been unloading faster. At the same time, the divergence of the middle BB from the upper and lower BB suggests that AVAX prices have been volatile. This can be illustrated by the rapid contraction, especially in the second half of August when AVAX has shaved off over 20% of its value.<\/span><\/p>\n