Avalanche’s $AVAX price is currently at $14.26, facing challenges despite recent technical upgrades, as it tests yearly lows amid ongoing bearish momentum in the crypto markets.
The recent Granite upgrade aimed to enhance Avalanche’s functionality but has not translated into price gains for $AVAX. Instead, the token’s value has remained stagnant, reflecting a broader trend of declining prices across cryptocurrencies.
Market analysts note that the persistent bearish sentiment is impacting investor confidence, contributing to the struggles faced by $AVAX. As the cryptocurrency sector grapples with various challenges, many tokens are experiencing similar downward pressure.
Despite the upgrades, $AVAX has not been able to break through the crucial resistance level of $14.50, raising concerns about its near-term performance. Traders are closely monitoring market conditions as they assess the potential for a recovery.
Overall, the combination of technical hurdles and market sentiment suggests that $AVAX may continue to face difficulties in gaining traction in the near future.
