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Avalanche hits 90-day low amid heavy trading volume surge
- Avalanche fell to its lowest price in over three months amid elevated trading activity.
- The price hit $6.376281 on June 10, marking a 37.1% decline over 30 days as daily volume spiked 3.3x to 246.76 million.
- The volume spike at multi-month price lows coincides with a period of extreme technical oversold conditions.
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Conclusion
AVAX-USD hit its 90-day low close of $6.376281 on June 10, down 37.08% from its May 11 close of $10.134551. Trading volume on June 10 was 246,756,588, compared to 74,888,392 on June 9 (a 3.29x increase). The 14-day RSI reached 20.31, indicating extreme oversold conditions typical of market capitulation phases.