![Will Avalanche [AVAX] holders commence 2023 on a bullish note?](https://i.headtopics.com/images/2022/12/24/cryptoamb/will-avalanche-avax-holders-commence-2023-on-a-bul-will-avalanche-avax-holders-commence-2023-on-a-bul-1606749808718389249.webp)
AVAX currently trades at a one-month low. Sell-offs have intensified. Avalanche developers launched Banff 5 to allow for easy communication between subnets on the network. With less than a week till the new trading year, Avalanche [AVAX] commenced a new bear cycle on 16 December to trade at a 30-day low at press time. AVAX […]
Avalanche developers launched Banff 5 to allow for easy communication between subnets on the network.
On 16 December, AVAX bears initiated a bear cycle as the lingering decline in buying pressure in the market forced the MACD line to intersect with the trend line in a downtrend. This immediately put the sellers in control of the market, and AVAX’s price has since dropped by 16%.
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