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Avalanche plunges to 90-day low as selling pressure intensifies
- Avalanche dropped 8.40% on June 2 to close at $8.16, breaking below its previous multi-month support to hit a new 90-day low.
- The decline was part of a broader market capitulation, but Avalanche's drop is particularly notable as it has now shed 10.5% over the last week.
- This breakdown below $8.50 signals a shift in momentum for the smart contract platform, which had previously held above its March bottoms.
Supporting datasets
Supporting queries
To surface this insight, Baselight ran 2 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
Avalanche (AVAX-USD) fell 8.40% from $8.91 on June 1 to $8.16 on June 2, extending its 7-day losses from $9.13 on May 26 (-10.54%). This represents the latest completed daily market cycle as of today, June 4, 2026.