AVAX Price Faces Downward Pressure Amid RWA Ecosystem Expansion

Avalanche's AVAX token continues to face downward pressure, despite ongoing expansion of its real-world asset (RWA) ecosystem.

The coin is currently trading at $6.91 with a market capitalization of $2.98 billion and a 24-hour trading volume of $219.07 million.

According to Crypto Patel, the AVAX price remains under pressure after confirming a bearish market structure following a roughly 96% decline from its all-time high above $147.

The bulls are eyeing a potential relief rally, with possible long-term targets of $10, $30, $70, and $100, if the coin manages to break above the $4.70-$2.75 demand zone.