Direct answer
Break below 6.95 opens path to 6.85, with 7.14 already breached. Declining momentum and lower-high pattern favor further downside.
Most likely bearish catalysts
Break below 6.95 support
Weakening break below 6.95 support can pressure Avalanche and accelerate liquidations.
Sustained volume decline
Weakening sustained volume decline can pressure Avalanche and accelerate liquidations.
BTC weakness spillover
Weakening btc weakness spillover can pressure Avalanche and accelerate liquidations.
What confirms the selloff
- Confirm the drop is tied to real weakness in subnet adoption instead of a brief flush.
- Check whether the move is spreading across related crypto markets.
- Only trust continuation if breakdowns hold after the first fast selloff.