Is Avalanche (AVAX) Nearing Collapse? Analyst Predict Further 60% Correction — Here’s Why

In recent trading sessions, Avalanche (AVAX) has seen a significant drop in its market value, with its price tumbling to a six-month low.
Over the past month, AVAX has plummeted by 25%, with a 14.7% drop in just the past week and a further 0.3% decrease in the last 24 hours, bringing its current trading price to $24.23. This decline marks a stark turnaround for an asset that has otherwise shown strong performance in previous months.Additional 60% Correction Ahead For AVAX, But Why?
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