The decline continues in Avalanche, one of the largest blockchain platforms. The company’s native token, AVAX, has dropped 10.6% in the last 24 hours, amid claims by CryptoLeaks.
According to the allegations made by Crypto Leaks on August 26, Ava labs company “harming rival cryptocurrency companies” and “to deceive regulators” He uses the legal system for his own interests.
In line with the allegations, Binance CEO Changpeng Zhao (CZ) shared a post last night at TSI. CZ stated that he was not sure of the accuracy in his statements, but that Binance was also a target.
Emin Gün Sirer, CEO of Ava Labs all of the allegations in question with the words “baseless provocative article”. denied and refused.
10% Drop in AVAX: Technical Analysis
With the end of the bear market rally to 45% AVAX, which has experienced a close decline, Moving 50 and 200 candles is below average.
$16.3 In the event that AVAX, which has support at levels below this level, falls below for $13 is thought to be regressed. If it starts to move upwards 22 dollar levels and 29 dollar levels appears as resistance.