Avalanche (AVAX) Downtrend Persists Amid Market Uncertainty

Generally, the cryptocurrency market is bearish at the moment, with coins like Avalanche (AVAX), Ethereum, Litecoin, XRP, Solana, and others all caught in this trend. Currently, the price of AVAX is on a strong bearish move below the 100-day Moving Average (MA) and could continue in that direction for a while before retracing.
Technical Indicators Suggest A Bearish Trend For Avalanche
Observing the chart from the 4-hour timeframe, AVAX has crossed below both the 100-day moving average and the tr