7 0
Avalanche Granite Upgrade Enhances Speed, Authentication Amid 25% AVAX Drop
Avalanche (#AVAX) experienced a 6% decline on Nov. 19, falling to $13, marking over a 25% loss since early November.
Despite this, Avalanche launched the Granite upgrade with significant protocol improvements:
- ACP-226: Enables faster block times through dynamic adjustments by validators, aiming for sub-second confirmations.
- ACP-204: Introduces biometric-style approvals using secp256r1 for passwordless authentication across dApps, enhancing security.
- ACP-181: Stabilizes validator sets for shorter epochs, reducing gas costs and improving cross-chain messaging reliability.
Price Analysis
- AVAX maintains a downtrend below all major moving averages, signaling further downside potential.
- The price is confined within a descending range, reflecting a 26.5% drop since early November.
- A rebound requires holding the $13–$14 support zone; closing above $16 could indicate recovery towards $20 resistance.
- Failure to maintain $13 may lead to testing $12 and potentially $10.
- Bullish reversal signals include a 3-day close above $18 and a MACD bullish crossover.
