The AVAX price has crashed to a crucial support level after falling by 72% from its highest point in November as traders wait for the upcoming Avalanche Granite upgrade.
Summary
- Avalanche price has tumbled to a crucial support level this month.
- The network will activate the Granite upgrade this week.
- Technical analysis suggests that it has more downside if it loses this support.
Avalanche to activate Granite upgrade
Avalanche (AVAX) token was trading at $15.67, a key support it has failed to move below several times since March this year. Its plunge from its highest point in November has brought its market capitalization from $13 billion to $6.7 billion.
Avalanche price will be in the spotlight this week as the network upgrades the …