Avalanche is a type of digital money that can be bought and sold. Its value went down by more than 8% in one day, but it was still higher than the week before. The price of Avalanche changes a lot every day and every week, and some lines on the graph show how much it moves up and down. More people were buying and selling Avalanche this week than last week, and there are more Avalanches in existence now too. Read from source...
1. The article is titled in a misleading way, implying that Avalanche's price drop is an unusual or negative event, when in fact it is a common and normal occurrence for cryptocurrencies to experience volatility and fluctuations in their prices. A more accurate title would be something like "Avalanche Experiences 8.84% Price Drop Within 24 Hours".
Bearish
Reasoning: The article discusses a drop in Avalanche's price by more than 8% within 24 hours, which is contrary to its up-trend performance over the past week. This indicates that the market sentiment for Avalanche is bearish at the moment. Additionally, the increase in trading volume and circulating supply may also contribute to the bearish sentiment as it shows a higher supply of the coin available for sale in the market.