Avalanche (AVAX) Tests Critical Support as Purpose-Built Chain Strategy Gains Momentum
Avalanche plummeted 18.3% over the past week, erasing nearly a month of gains as the broader crypto market turned defensive. The devastating drop from December’s peak at $15.26 to current levels near $11.91 came despite positive ecosystem developments, including Gamestarter’s CROSS platform launch and real-time music royalty implementations on the network. The main question for traders is: can bulls defend the crucial $11.27 support that held throughout November, or will sellers push through to test yearly lows?