Avalanche price analysis: AVAX trapped in a horizontal range after declining from $21.89

Avalanche price analysis continues to be bearish, as price dropped another 2 percent over the past 24 hours to move as low as $15.87. AVAX has been in a successive downtrend since June 26, 2022, when price underwent a bullish run up to $21.89. Since then, Avalanche price has lowered more than 27 percent and...