AVAX Price Faces Bearish Pattern as Avalanche Staking Rate Climbs to 41.5%

The post AVAX Price Faces Bearish Pattern as Avalanche Staking Rate Climbs to 41.5% appeared first on Coinpedia Fintech News

The AVAX price may be running out of room, at least from a technical standpoint. While the token continues to trade inside an ascending pennant pattern, that setup is widely viewed as a bearish continuation formation. If sellers force a breakdown below the pattern, the next move could be considerably lower.  Meanwhile, the Avalanche ecosystem …