Avalanche (AVAX) Price Update: Bearish Momentum Persists, Will $15 Support Hold?

Over the past week, Avalanche (AVAX) price slumped 23%, disproportionately to the altcoin markets, which only shrunk 10%. The excess market supply suggests that the bearish momentum surrounding AVAX could linger.  Avalanche was one of the Layer-1 coins worst impacted by the recent contraction in the crypto markets. While the altcoin market has recovered in the two trading days, the bears still appear firmly in control of the AVAX price outlook.  Bearish Investors Are Still Looking to Sell AVAX  Despite the recent uptick in the global crypto market, AVAX holders are yet to close out their bearish positions. The exchange