AVAX has recently dropped even further, by almost 9% in the last 24 hours. Coinpedia believes that the originally considered NASDAQ listing catalyzed and eventually became a classic “good-for-good-for-good-for-good-for-good” business.

The news from NASDAQ has failed.

The market did not continue to pick up after the AVAX related treasury landed in NASDAQ. On the contrary, part of the funding chooses to leave after the news arrives, which rapidly cools the ecological short-line mood of AVAX.

Eight dollars to lose.

AVAX has for the most part been experiencing an internal shock between $8 and $11 this year. The bottom line is now broken, prices are lost and short-line movements are further weakened.

Sold pressure is still accumulating.

According to the article, AVAX has now broken the main average and is more vulnerable to being pushed back. If the price cannot go back to the vicinity of $8, the market may continue to look for the next support.

Additional information:Coinpedia also mentioned that the increase in trade activity had not helped many, but had shown that empty emotions still prevailed.