---
title: "AVAX prices may plunge if $7.00 level breaks; currently at $7.23 with 71% long positions. Possible drop to $6.77 or $5."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297481679.md"
description: "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."
datetime: "2026-08-31T07:46:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297481679.md)
  - [en](https://longbridge.com/en/news/297481679.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297481679.md)
generator: "portal-rs"
---

# 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.

### Related Stocks

- [VAVX.US](https://longbridge.com/en/quote/VAVX.US.md)
- [AVAZ.US](https://longbridge.com/en/quote/AVAZ.US.md)
- [GAVA.US](https://longbridge.com/en/quote/GAVA.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**