Avalanche crashes to $7.08: the level that decides is August's $6.78 close

Avalanche fell harder on Saturday, November 14, 2026, than almost any other major cryptocurrency. AVAX last traded at $7.08 according to CoinGecko, or about €6.42, down 13.8 percent from 24 hours earlier. None of the 25 largest coins by market capitalisation posted a bigger loss over that period. As far as was known at that point, there was no Avalanche-specific trigger: the price fell with the whole market, only further. Anyone following the Avalanche price prediction now sees the coin at its lowest level since mid-August.

This article puts the day's figures in context, shows which price levels come next below $7 and explains how leveraged positions are liquidated in a slide like this. You can follow the live price on our Avalanche price page.

Avalanche crash on November 14: the day's numbers

According to CoinGecko, the daily high was $8.26 and the low $6.97, a range of just over 15 percent. On Kraken, AVAX dropped as low as $6.935 over the same period. Market capitalisation shrank to around $3.16 billion, which puts Avalanche at number 25 in CoinGecko's ranking. Over seven days the loss comes to 14.4 percent.

Trading volume stands out. Around 618,000 AVAX changed hands against the US dollar on Kraken in those 24 hours. The average over the previous seven days was around 514,000 AVAX a day, roughly 20 percent less. Higher volume on falling prices means this was not just selling into a thin market: more holders actually sold.

All-time high, start of the year, autumn high: the gap in percent

Avalanche's all-time high of $144.96 dates from November 21, 2021. CoinGecko puts the distance at 95.1 percent. Two other reference points are closer to the present. On January 1, 2026, AVAX closed at $13.57 on Kraken, so the coin has lost 47.7 percent since the start of the year. The autumn high was the daily close of October 6, 2026, at $11.61. From there the price has fallen 38.9 percent to today.

Why Avalanche is falling: the market slides, altcoins slide further

The drop in AVAX is part of a broad sell-off. Bitcoin lost 6.1 percent over the same 24 hours and traded just below $64,000, 49 percent under its record. Ether fell 8.3 percent. A crypto crash typically hits altcoins such as Avalanche harder, because their markets are smaller and investors cut their riskiest positions first in periods of stress. Our background piece explains in detail why bitcoin is falling.

Specialist media agree on three pressures. The first is rate expectations: according to CME FedWatch, futures markets put an 88.5 percent probability on the US Federal Reserve raising its policy rate by a quarter point in December, Bitcoin.com reports. Higher rates make credit more expensive and speculative assets less attractive. The second is fund outflows: according to data from Farside Investors, investors pulled around $1.07 billion out of US spot bitcoin ETFs between November 9 and 13, and $398.9 million out of ether funds, Coinpaper reports. The third is liquidity: the same outlet cites Coinbase on a $11.5 billion fall in stablecoin supply within 30 days.

Sentiment shows up in the alternative.me Fear and Greed Index. It stood at 13 points on November 14, after 20 the day before. Both readings fall into the extreme fear band. The same background piece also sums up the reasons behind the day's market moves.

Will Avalanche fall below $6? The levels from the price chart

The chart shows AVAX daily closing prices on Kraken over the past twelve months. Three levels emerge. The first is the current area around $7.09. The second is the close of August 19, 2026, at $6.78, the last daily close below today's level. The third is the twelve-month low: on June 19, 2026, Avalanche closed at $5.89.

Between late June and late August, AVAX traded for weeks between just over $6 and just under $7. Only in September did the price break out to the upside, reaching more than $11 in early October. That rise has now been almost entirely given back. Whether the summer range holds again cannot be predicted. It does show where buyers were willing to step in over the summer.

For context, it helps to look at bitcoin, which sets the pace for the market. Our analysis of how far bitcoin can fall shows how deep the largest coin dropped in earlier cycles. Why the price is now trading below a long-term average is explained in our piece on the 200-week line.

Liquidations in the crypto crash: more than $1 billion in a day

A liquidation is the forced closure of a leveraged position by the exchange once the posted capital no longer covers the losses. In a fast slide these closures feed on each other: every long position sold off by force pushes the price lower and triggers the next one.

That is exactly what happened on November 14. According to Bitcoin.com, bitcoin's drop to a daily low of $65,020 led to liquidations of around $1 billion across the whole crypto market in 24 hours, $382 million of it in bitcoin. Later in the evening bitcoin fell below $64,000. According to TokenPost, positions worth more than $691 million were liquidated within an hour, $671 million of them long positions and only $19.5 million short positions. Just over 97 percent of the forced closures therefore hit investors who had bet on rising prices.

None of the sources cited says how much of this fell on Avalanche. The mechanism is the same for AVAX, though, and in a coin with a market value of $3 billion every wave of forced selling hits harder than in bitcoin, whose market is far deeper.

Leverage on AVAX: how long, short and liquidation price work

Leverage multiplies the effect of every price move on the capital you put in, in both directions. At 10x leverage, a 10 percent price change moves the position by 100 percent. If AVAX rises from $7 to $7.70, a 10x long position doubles the capital put in. If AVAX falls from $7 to $6.30, that capital is gone entirely. In practice the exchange closes the position slightly earlier, because it keeps a safety margin for fees and slippage.

At 100x, around 1 percent is enough. A long position at $7.00 would be wiped out at about $6.93. On November 14, Avalanche's daily high and low were just over 15 percent apart. On paper, a long position opened at the daily high with leverage above 6x would not have survived.

A short position works the other way round: it profits when the price falls and is liquidated when it rises. Anyone going short after a drop of almost 14 percent is betting that the decline continues. A quick rebound, which often follows heavy sell-offs, can wipe out a highly leveraged short position just as fast.

Stop-loss and position size instead of gut feeling

A stop-loss is an order that closes a position automatically once a set price is reached. It limits the loss before liquidation kicks in. Traders using leverage also size their positions so that a loss down to the stop-loss costs only a small share of the account; 1 to 2 percent is a figure often cited. In fast markets, however, a stop-loss can be filled below the intended price, because there are no buyers between two prices.

Trading Avalanche in the EU: MiCA exchanges, futures and CFDs

If you want to buy or sell AVAX, or bet on a move, you have three routes in the EU. The simplest is to buy through a crypto exchange or broker licensed under MiCA, the European crypto regulation. MiCA stands for Markets in Crypto-Assets and has governed across the EU since the end of 2024 which providers may trade and hold crypto assets for clients. Kraken, for example, lists AVAX against the euro and the US dollar. Our comparison of regulated crypto exchanges shows which platform charges which fees.

The second route is futures and perpetuals, futures contracts with no expiry date that allow leveraged long and short trading. They are offered by centralised exchanges and by decentralised venues, which our comparison of perp DEXs lists. The third route is CFDs, contracts for difference on the price, such as those that CFD brokers like XTB offer on cryptocurrencies. A CFD only tracks the price; you do not own any coins.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Avalanche network: locked capital falls with the price

Beyond the price, the network itself is worth a look. Total value locked, or TVL, measures the dollar value of all crypto assets locked in a blockchain's applications, such as lending protocols or decentralised exchanges. For Avalanche, DefiLlama put this figure at around $543 million on November 14. A week earlier it was $612 million, a year ago $1.37 billion.

Part of the decline is purely arithmetic: when AVAX and other coins fall, the dollar value of locked holdings drops even if nobody withdraws capital. Still, the fall of around 60 percent over twelve months is of the same order as the coin's price loss and shows that Avalanche has not been able to build any countermovement from its own ecosystem this year.

On the morning of November 14, cryptoticker.io reported on Avalanche below $8 and the expectations of treasury company AVAX One. The coin has lost another dollar since.

Selling or holding AVAX after the crash: two scenarios

This article cannot and does not aim to give a recommendation. It does help, though, to frame the situation in conditions that can be checked.

In the first scenario the overall market calms down. Bitcoin stabilises, the liquidation wave runs its course and AVAX holds the zone between $6.78 and $7.09 on a daily closing basis. The summer range would then once again be an area where buyers step in, and a recovery towards $8, where the price still stood on Friday, would be possible.

In the second scenario the sell-off continues, driven by further ETF outflows or sharper rate expectations ahead of the Fed meeting in December. If AVAX closes below $6.78, the next level on the chart is the twelve-month low of $5.89. How investors in the bitcoin market approach this question is described in our piece on whether to buy or sell bitcoin. What earlier downturns show is covered in our article on the bitcoin bear market. The conditions under which analysts expect a recovery are set out in our piece on whether bitcoin will go back up.

Whatever the scenario, anyone holding AVAX with leverage should compare their own liquidation price with the levels above. Anyone holding without leverage loses money if prices keep falling, but is not forced out of the position.

Crypto crash on Saturday: what the day means for the rest of the market

Avalanche is not alone on this day. Solana and XRP each lost around 10 percent according to CoinGecko, Dogecoin almost 12 percent and Cardano around 13 percent. An overview of the whole day is in our crypto news on the bitcoin slide. We keep updating the live picture of today's crypto crash there.

Avalanche at $7: below $6.78 the August low awaits

1. Note the levels. The zone between $6.78 and $7.09 decides the next move; below it lies the twelve-month low of $5.89. The Avalanche price page shows the current price, and you will find providers that list AVAX in our comparison of the best crypto exchanges.
2. Review your leverage. If you trade with leverage, recalculate your liquidation price and set a stop-loss. Our comparison of crypto brokers lists platforms for futures and CFDs.
3. Choose a trading venue. For buying and selling without leverage, providers with a MiCA licence are a good fit. The overview of MiCA-regulated exchanges shows which ones they are.

(As of November 14, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)