AVAX price
AVAX’s price has fallen to $20.08 after the unlocking of 1.67 million tokens, putting pressure on a crucial support level amid broader market weakness. The recent token unlock has contributed to a 4.4% decline in AVAX’s daily price, intensifying selling pressure due to the increased supply of tokens in circulation. As the cryptocurrency market experiences a downturn, the impact of this supply increase is being felt more acutely. Investors are closely monitoring the $20 support level, which is critical for maintaining price stability. A breach of this level could signal further declines, raising concerns among traders about the future trajectory of AVAX.
