Avalanche price analysis: AVAX nosedives to new lows of $30.04

Avalanche price analysis indicates AVAX closed the week in a bearish trend and is now trading around $30.The prices have declined by 15.08 percent in the last 24 hours and are likely to plummet further. The digital currency has been on a downtrend for the entire week and today it hit the lowest point of.

Timeline of Avalanche

Yeti Finance, an innovative decentralized lending protocol with over $850 million in total value locked (TVL), has integrated Chainlink Price Feeds (LINK/USD) on Avalanche Mainnet (AVAX/USD), Invezz learned from a press release. The protocol has access to high-quality, tamper-proof price feeds by integrating the industry-leading decentralized oracle network, thereby ensuring protocol solvency. This is possible The post Yeti Finance integrates Chainlink on Avalanche Mainnet appeared first on Invezz.

Avalanche price analysis reveals a prevailing downtrend as AVAX prices set to lows of $26.85 in the early hours of the day. The market has seen a general sell-off, with AVAX price declining by a significant value of 23.50 percent in the last 24 hours.

The crypto market has deep-dived to 11% in just 24 hours. It's been in the hole or behind and most coins (led by LUNA) have been suffering major losses such as Avalanche, ApeCoin, Solana, and Shiba Inu, to name a few.

Today the global cryptocurrency market is on the verge to close on a bearish note as the wider market capitalization is trading at $1.39 trillion with a downfall of 4.83% in the last 24hrs.  Amidst this crypto market's blood shedding and struggle to find stability, A well-known crypto analyst who is pseudonymously known as Altcoin …

Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana (SOL) Solana was down by over 20% during Wednesday's trading

Last week's candle closing below the $53.6 support intensified the ongoing correction in Avalanche(AVAX) price. The resulting freefall reflects a 35% devaluation as coin prices tease a bearish breakdown from the 0.786 FIB level.

Avalanche price analysis is in favor of bears for today as a decrease in price has been observed today. The market has been following a bearish trend since 5 May 2022, and today, the cryptocurrency is facing a loss once again as the bearish momentum has been able to stop the price from going above.

While the world's first cryptocurrency by market cap, Bitcoin is continuing with its bearish trend which has now dropped below $31,000, the altcoin leads Ethereum along with BNB, XRP, Solana, Dogecoin, and Avalanche among others. But the flagship currency's price action has impacted the global crypto market plunging by 0.19% in the last 24hrs trading …

Today's Avalanche price analysis shows a bearish trend gaining momentum with strong bearish possibilities. AVAX/USD is currently trading at $65, down 6.19% in the past 24 hours, with a trading volume of $607,256,088.

The founder of Ava Labs, Emin Gün Sirer, has offered his opinions on the crash of Terra's algorithmic stablecoin, UST.  According to Gün Sirer, there is a need for decentralized algorithmic stablecoins in the ecosystem due to the censorship vulnerability of fiat-backed stablecoins.