🔎Latest updates on $AVAX

💹 Market snapshots indicate $AVAX is at $12.72, suffering an -8.95% decline to yearly lows.

🛡️ According to TokenUnlocks, supply pressure combined with weak demand for L1 blockspace is weighing on the price. The "Avalanche9000" upgrade narrative has yet to translate into buying volume.

📈 According to chart analysis, $AVAX has lost the $13.00 support. The trend is firmly bearish, with indicators deeply oversold, suggesting a potential (but risky) relief bounce could occur soon.

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⚠️ Remember that every investment decision is personal, and this content does not constitute financial advice.
#BearishAlert #Layer1 #AVAX #Write2Earn