- AVAX coin warns of a breakdown below $10.
- Falling wedge pattern observed in AVAX's daily chart.
- RSI at its lowest in 2023 indicates high selling momentum.
- Intraday fall sees AVAX price dip to $9.91.
- Closing below $10 could amplify bearish sentiment for Avalanche.
- AVAX's YTD loss stands at 7.93%.
- Daily RSI shows signs of bullish divergence.
- Selling pressure might push AVAX to the falling wedge's support trendline.
- Potential recovery could see AVAX bounce back to $12.30.