Avalanche (AVAX) Big Resistance at $100

Avalanche (AVAX) like most of the market has been in a slow steady downtrend since November of year. Since then Avalanche has been struggling getting back past $100 and has been trading under the 0.5 Fibonacci level between $60 - $95 since the beginning of this year so far.

In terms of Total Value Locked (TVL) in DeFi Avalanche ranks 5th with a total of $11.22 Billion locked. Despite the market crash and volatility Avalanche has held over $10 Billion in DeFi locked since November 2021 and has remained pretty steady. There's a huge resistance for Avalanche at $100 and even though we've had some relief we're still not quite out of this downtrend for Avalanche until we can break past $100.

Much peace, love, health, and wealth!