A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction

A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction

Market Analysis
August 19, 2022 by secret
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[ad_1] After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try to pin the correction as a “technical adjustment,” but the network’s deposits and decentralized applications reflect worsening conditions. Avalanche (AVAX) index, USD. Source: TradingView To date, Avalanche