September 27, 2022

AVAX price down 9% in the past 24 hours

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The cost of the native token of the Avalanche protocol (AVAX) at the end of the day was again under the influence of a bearish momentum and fell by 9%. According to trading information from June 6 to 7, 2022, the AVAX exchange rate fell to $23.28 last night. The negative trend was associated with the weakening of the ability of bulls to resist the onset of sellers observed in the global crypto market.

The data of operations on the AVAX/USD trading pair demonstrated the continuation of the week’s trend towards a price decrease. The period from May 31 to June 7 was opened by a decrease in the value of the token by 18.3%, the price fell from $27.25 to $22.27. In the middle of the week, the advantage returned to the bulls, which returned the value of the lost volume. The price value peaked at $27.63.

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