AVAX Still In Crimson Territory As Rejection At $25 Forms

Avalanche (AVAX) price lingers further in the red. The coin price is extremely bearish showing a downward trend indicating a pessimistic market forecast. Consequently, the AVAX/USD pair is fronting a resistance spotted at $25.15 and support seen at $23.18. As of this writing, the AVAX/USD pair dipped to a new low that registered at $23.33 following a bearish overturn. Even though the token has spotted support at $23.18, the bulls are unable to thrust the price higher. Avalanche Price Down By 5.70% Overnight Currently, the AVAX/USD pair is experiencing resistance at around $25.15. More so, the pair is seen to plunge further in the coming days. The price has nosedived by 5.70% overnight with its market cap now at $6,638,597,842. Further, the coin’s 24-hour trading volume registered at $536 million. On a 24-hour chart, the market is seen to be experiencing rejections spotted at $25.15 following a consolidation period. The prices also appeared stuck in the range of $23.18 to $25.15. Meanwhile, it’s likely that the market will go up once the coin breaches above the range. With that being said, investors should keep an eye on a breach that will punch through the resistance level of $25.15 or a break below the support line of $23.18 that enable entry into new positions. The pair shows an RSI of 52.63 and is currently fighting off resistance imminent at the $25.15 zone. It could be hovering over the overbought levels which show a shor...