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Avalanche ‘bull trap’ risks pushing AVAX price down by 30% in February

The price of AVAX has more than doubled in 2023, but a growing divergence between several key metrics hints at a bearish reversal ahead.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Avalanche ‘bull trap’ risks pushing AVAX price down by 30% in February

The price of AVAX has more than doubled in 2023, but a growing divergence between several key metrics hints at a bearish reversal ahead.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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