The post AVAX Tests 52-Week Lows at $13.27 Despite Granite Upgrade Launch appeared on BitcoinEthereumNews.com.

Jessie A Ellis
Nov 22, 2025 03:05

Avalanche trades at $13.27 after hitting new yearly lows, down 25% monthly despite launching technical upgrades as broader crypto markets decline alongside traditional assets.

Quick Take • AVAX trading at $13.27 (down 3.4% in 24h) • Granite upgrade launch failed to prevent price decline to 52-week lows • Testing critical support near $12.57 with oversold technical readings • Following Bitcoin’s weakness amid broader risk-off sentiment in markets Market Events Driving Avalanche Price Movement The most significant development affecting AVAX price this week was the November 19 launch of the Granite upgrade, which paradoxically coincided with a 6% daily decline that pushed the token to its current 52-week low of $13.27. The upgrade introduced dynamic blocktimes, FaceID-compatible authentication features, and optimized cross-chain messaging capabilities, yet failed to generate positive price momentum. This disconnect between fundamental development and price action reflects broader market headwinds that have overshadowed Avalanche’s technical progress. The monthly decline exceeding 25% demonstrates how macro factors are currently dominating crypto-specific catalysts. Contributing to the bearish sentiment, U.S. stock markets experienced their fourth consecutive day of losses on November 18, with the S&P 500 and Dow declining amid investor caution ahead of Nvidia’s earnings. This traditional market weakness has spilled over into cryptocurrencies, with AVAX price following the broader risk-off tone across digital assets. AVAX Technical Analysis: Oversold Conditions at Critical Support Price Action Context AVAX price currently trades significantly below all major moving averages, with the current $13.27 level sitting 6% below the 7-day SMA at $14.13 and a substantial 41% below the 200-day SMA at $22.56. This positioning indicates a sustained downtrend that has accelerated in recent sessions. The Binance spot market data shows AVAX is trading near the lower Bollinger Band at…

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Filed under: News - @ November 23, 2025 12:12 am