AVAX price drops sharply: AVAX is experiencing a downward trend, with the current price at 42.15 USD. This indicates that market sentiment is shifting negatively.

Important resistance level: It is crucial to note that AVAX is currently challenging the resistance level at 43.81 USD. Overcoming this level would signal positive recovery.

Selling pressure and trading volume: Selling pressure remains, while trading volume is decreasing, indicating caution among investors in the market.