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Avalanche Blockchain experiencing an outage. According to Avalanche’s website Mainnet has been outaged for almost 25 minutes. On its website, the Avalanche Blockchain team wrote that updates will be shared.
While team investigating the outage AVAX price dropped almost 2%.
It’s been a rough month for AVAX investors. At February 1 Explorer Mainnet outaged more than 5 hours. Which had an impact on AVAX’s price. According to TradingView’s data, now AVAX trading at $36.27. Support level for AVAX $35 band and next resistance is $38.64.
If this outage on the Avalanche Blockchain lasts longer, we could see a deeper price drop, with Bitcoin also starting the day lower.
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