🌋 Avalanche (
$AVAX ) $8.89 — Is this a Dip Accumulation Area or a Risky Zone? 📉🔥
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$AVAX is currently at $8.89. While the overall market appetite for risk is weak, altcoins are under pressure. However, such periods reveal the difference between smart money and impatient money. 👇
📊 Technical Overview: Contraction Deepens
• $8.50 – $8.20 → Critical support area
• $9.60 – $10.20 → First strong resistance
• Volume is low → Energy accumulation before a big move ⚡
• RSI is weak but close to the oversold limit
📌 This structure generally leads to one of two outcomes:
1️⃣ A sharp liquidity sweep (fake drop)
2️⃣ A volumetric breakout upwards
🧠 Fundamental Side: Why is Avalanche Still on the Table?
Avalanche ecosystem:
✔ Scalability with subnet architecture
✔ Active growth in gaming & RWA projects
✔ Infrastructure open to corporate collaborations
But let's not forget:
Altcoins, especially in this phase, are dependent on Bitcoin dominance. It's hard to see a sustained rally in AVAX without BTC strengthening.
🟢 Daily close above $9.60
→ The $11 – $12 range could be a quick target.
🔴 Close below $8.20
→ The $7.50 liquidity area may be tested.
💡 Strategy (Discipline Pays Off)
✔ Gradual entry
✔ Clear stop determination
✔ Volume confirmation on resistance breakout
✔ Avoid emotional trading
🔥
$AVAX has made strong recoveries after sharp declines in past cycles.
Now the question is:
Is this level accumulation, or a deeper correction?
Leave your thoughts in the comments 👇
Engagement + analysis = WriteToEarn advantage 🚀
#AVAX #Avalanche #Crypto #BinanceSquare #WriteToEarn