Avalanche Falls Below $16.25 Support, Signaling a Potential Price Drop to $9

Avalanche (AVAX) experienced a significant break below the $16.25 support level on its price chart. This move signaled a potential downward trend with analysts tracking a decline towards the $9 mark. The structure of the chart reveals a clear pattern: repeated bounces against this crucial zone were finally overcome, leading to a fall through the level. This shift has sparked focus from traders as they seek to determine whether this break will initiate a sustained slide to the $9 region or if an upward reversal is still possible.