AVAX Price Plunges Amidst Geopolitical Tensions, Technical Signals Prevailed

Avalanche (AVAX) price experienced a significant drop of 9.75% following the geopolitical tensions triggered by Israel’s attack on Iran. This decline came despite a broader market downturn driven by risk-off sentiment and rising oil prices. 23 out of the top 100 cryptocurrencies registered a steeper decline than AVAX, highlighting the asset’s vulnerability to heightened volatility.