Avalanche has continued its downward trajectory, posting consistent lower highs and lower lows. After a brief attempt to recover during the late session of June 17, price failed to hold above $18.80 and resumed the bearish grind. The decline is steady rather than sharp, indicating controlled selling pressure rather than panic. If $18.30 fails to hold, watch for retests near $18 or even lower. For bulls, a clear reclaim above $18.75 is needed to invalidate this short-term downtrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.