The AVAX token is currently trading at $28.45, reflecting a daily decline of 4.59%. This decline indicates a technical divergence, as the token has fallen below the 20-day Simple Moving Average (SMA). However, it is noteworthy that AVAX still maintains a significant performance, showing gains of 24.3% above the 200-day average. This situation highlights the contrasting trends in the short-term and long-term performance of the token, suggesting a complex market environment for investors and traders alike.
