AVAX prices may plunge if $7.00 level breaks; currently at $7.23 with 71% long positions. Possible drop to $6.77 or $5.

The cryptocurrency AVAX is currently hovering around its daily pivot point at $7.23, showing minimal momentum. Market sentiment indicates that 71% of traders have taken long positions. If the price drops below $7.00 and closes there for the day, there is a possibility of a decline towards $6.77 and potentially even $5. Investors should monitor these key levels for potential price movements.