Avalanche (AVAX) has experienced a significant price drop of nearly 60% since September 22, now trading at $15.25. The cryptocurrency is under pressure, trading below key technical indicators such as the 50-day and 100-day EMAs, with the PPO indicator also below neutral. This suggests continued bearish momentum, with a critical support level in sight. A breach of this support could see AVAX fall to $8.7460, though a rebound could push it back to $26 if the support holds. The upcoming Granite upgrade, scheduled for November 19, aims to enhance the network with features like Interchain Messaging Improvement and Dynamic Minimum Block Times. Despite the price decline, network activity has surged, with a 92% increase in transactions over the past month. Additionally, the total value locked in the real-world asset tokenization sector has grown by 65% to over $1.1 billion. Other potential market movers include the transformation of AgriForce into AVAX One and possible SEC approval of Avalanche ETFs.