Avalanche (AVAX) token prices fell by 4.91% in the last 24 hours, breaking below the $6.50 support level and signaling a bearish trend. This decline coincided with increased Open Interest and negative funding rates, indicating strong short-selling pressure. The price has struggled to break above $7.08, and recent trading shows a downtrend with potential to fall below $6. Traders should maintain a bearish outlook but remain cautious of a possible short squeeze near $6.70-$6.85, which could temporarily push prices up before continuing downward.
Santiment's latest analysis ranks Hedera as the top blockchain project in real-world asset (RWA) development, with Chainlink and Avalanche following closely. This ranking is based on recent GitHub activity, highlighting these platforms' robust develo...
XRP and Solana spot ETFs recorded consecutive net inflows, highlighting selective institutional interest in these altcoins amid generally muted activity in other altcoin ETFs. XRP spot ETFs saw $5.66 million in inflows, mainly in Franklin XRPZ, with ...
Spot altcoin ETFs recorded limited inflows focused on XRP, Solana, and Hedera products, reflecting selective institutional interest amid a broader market slowdown. XRP and Solana ETFs saw net inflows of $2.49 million and $2.64 million respectively, d...
Avalanche's blockchain activity has surged, with daily transactions increasing nearly 20 times over the past year, reaching a peak of 6.2 million. The stablecoin market cap on Avalanche also grew significantly, surpassing $2 billion before a slight d...
