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Avalanche (AVAX) drops 9.5% after breaking key support amid geopolitical tensions and market bearishness.

Technical Signals
19 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Avalanche (AVAX) fell 9.5% to $6.07, breaking a major support level at $6.24 amid ongoing geopolitical tensions and a broader crypto market decline. The drop extends AVAX's bearish trend for a third day, with strong selling pressure indicated by technical signals and increased trading volume. Traders show strong bearish sentiment, but top holders and long-term investors appear to be accumulating during the dip. If AVAX fails to reclaim $6.24, further downside is expected in the near term.

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