Is $AVAX finally waking up or is this just another trap for the bulls?
Looking at the daily, we’ve been stuck in this depressing downtrend for months, but things are starting to look interesting around this 9.34 level. We’ve found a bit of a floor near 7.55 and the price action is starting to flatten out instead of just making new lows. The 24h volume is sitting at about 31M USDT, which isn't massive, but it's enough to keep us moving sideways for now. If we can actually clear the recent local high near 10.44, we might finally have some breathing room. I’m playing this one cautiously. A lot of people got burned on the way down from 14.00, so there's definitely some overhead supply to work through. As long as we hold above 8.85, the recovery dream is still alive.
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Is $AVAX finally waking up or is this just another trap for the bulls?
Looking at the daily, we’ve been stuck in this depressing downtrend for months, but things are starting to look interesting around this 9.34 level. We’ve found a bit of a floor near 7.55 and the price action is starting to flatten out instead of just making new lows.
The 24h volume is sitting at about 31M USDT, which isn't massive, but it's enough to keep us moving sideways for now. If we can actually clear the recent local high near 10.44, we might finally have some breathing room.
I’m playing this one cautiously. A lot of people got burned on the way down from 14.00, so there's definitely some overhead supply to work through. As long as we hold above 8.85, the recovery dream is still alive.
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