**Avalanche Faces Market Headwinds Amidst Declining Prices**

Avalanche (AVAX) has experienced a significant downturn, losing 3.08% against the US Dollar in the past 24 hours. The cryptocurrency also underperformed against Bitcoin, recording a 2.54% loss. Currently trading at $25.56, AVAX is 24.90% below its predicted price of $34.03 for October 8, 2024.

Despite a 12.94% gain over the last month and a 176.44% increase over the past year, the market sentiment remains neutral with a Fear & Greed index reading of 37, indicating fear. Key support levels are $24.82, $24.21, and $23.24, while resistance levels are $26.41, $27.38, and $28.00.

The overall outlook for AVAX is cautious, with 52% of indicators showing a positive prediction. However, the cryptocurrency market's inherent volatility and current negative sentiment suggest a challenging environment ahead.