Avalanche stumbles to new lows as liquidity for the asset thins. Many investors switch to Digitap, a presale that could lead the crypto banking revolution.
Liquidity issues affecting most major cryptocurrencies appear to have spread to Avalanche as well. The coin recently hit $11.83, its lowest level in over two years. Furthermore, technical indicators show no real short-term prospects for the coin, causing investors to look elsewhere.
During this time, many crypto investors are shifting to small-cap utility plays. Utility tokens, especially those offering real-world applications, are expected to fare much better during a bear market than tokens based on speculative hype.
Digitap ($TAP) has emerged as one of the best altcoins to buy, as many believe it is now leading the cryptocurrency banking revolution and is a suitable hedge against the bear market.
Avalanche Hits Two-Year Low as Institutions Jump Ship
After sustained selling pressure throughout the month, Avalanche’s price fell to $11.83 this week, marking its lowest price in over two years. This is a far cry from its September high of $36, showing how institutions and whales exiting the asset caused a similar pullback among retail investors.
After the October crash, $14.90 was considered Avalanche’s major support level. This level had been tested but never breached multiple times earlier in the year. Technical analysis now suggests the price could fall to $10, the next major support level.
Looking at the technical indicators, downside risk is still high. The asset is currently trading below all moving averages, pointing to consistent selling pressure. The RSI has also fallen to the mid-30s from a neutral 50 in just a few days, signalling downward momentum. What this effectively means is that, barring a new catalyst, Avalanche could slowly fall to around $10 before buying pressure materializes near the $10 mark.
However, it’s not all bad news for Avalanche enthusiasts. Stablecoin activity on the network remains relatively high. Stablecoin volume rose by 76% over the last month. While it is still down from its all-time high, it shows that community trust around the project has not completely evaporated.
Avalanche Breaks Higher After Intraday Reversal
Over the past 24 hours, Avalanche (AVAX) has shown a strong recovery after an early sell-off, rebounding from the $11.30–$11.40 support zone and establishing a clear intraday uptrend. The chart highlights a higher-low formation followed by a decisive breakout above the $12.00 resistance, signaling renewed bullish momentum.
AVAX is currently trading around $12.21, with price consolidating near session highs, suggesting buyers remain in control. If the $12.00 level holds as support, the structure favors continuation toward the $12.50 area, while a drop below $11.80 would weaken the short-term bullish setup.
Investors Look to Dodge the Crash with Digitap – The World’s First Omnibank
With Avalanche and most other major coins struggling, investors have begun to look elsewhere for portfolio protection. Digitap has emerged as one of the top cryptos to buy due to its focus on merging crypto and traditional banking through its multi-rail architecture.
Digitap’s goal is to offer a complete, borderless banking experience that focuses on freedom, privacy, and utility. With Digitap, users can access all of the following:
A multi-rail wallet and an offshore bank account that can be used to send money anywhere in the world.
A Visa card that can be used to spend crypto at 150 million locations worldwide.
Instant conversions of crypto to fiat and vice versa with a transparent fee structure.
Special features for businesses, such as invoice and payroll processing.
Ability for customers to choose the level of privacy and how much data is shared with multiple plans offering different features and requirements.
Digitap is a ‘utility first, cryptocurrency second’ service. With an already functional app that is generating revenue, many investors are now looking at Digitap as one of the best altcoins to buy for stable returns in the bear market.
Digitap’s built-in deflationary mechanisms mean that there is a constant upward pressure on the coin’s price. The coin has a limited supply fixed at 2 billion tokens. Furthermore, the Digitap team uses 50% of its profits to buy and burn $TAP, thereby reducing supply.
Digitap’s Massive Christmas Offer Pushes the Crypto Presale Into Overdrive
After a highly successful Black Friday promotion, Digitap is now offering 12 days of Christmas holiday drops. Investors will have 24 offers over 12 days to unwrap special rewards when participating in the promotion. There will be a new offer every 12 hours, with the 3 days around Christmas offering a huge mega offer at the end.
Rewards range from huge $TAP bonuses to free Digitap Premium and PRO accounts. Some of these offers will only be available to the first few users who manage to claim them. Smart investors will be regularly checking the website to claim as many of the bonus offers as possible.
Digitap tokens can currently be purchased for $0.0371, with the price expected to increase in the next couple of days. Digitap’s crypto presale was already doing quite well before the promotion, as many investors believe it is the top crypto to buy during the current bear market.
Having already raised over $2.6 million, it is expected that this figure will explode during the Christmas promotion as more investors flood in to take advantage of the offers.
