$AVAX 🔺 AVAX Avalanche (AVAX) is showing signs of a potential bottom as it holds firm at critical support levels. Despite a bearish start to the year, institutional interest and on-chain activity are painting a different picture for the long term.
📊 Today's Market
Current Price: ~$9.15
24H Change: 🟢 +2.02%
Market Cap: $3.95B
Trading Volume: $276M (Up 10%)
🔍 Key Levels to Watch
Support: $8.50 - $8.80 (Crucial floor. If this holds, a rebound is likely.)
Resistance: $9.70 (A break above this could trigger a rally toward $12.50.)
🚀 Why keep an eye on AVAX?
ETF Inflows: While Bitcoin saw outflows this week, Avalanche ETFs attracted over 465,000 AVAX in fresh institutional capital.
Network Upgrades: The recent Granite Upgrade has significantly lowered cross-chain costs and improved scalability.
Bullish Divergence: Technical indicators on the 4H chart suggest a bullish flag pattern is forming, indicating a potential reversal.
Trader's Note: Sentiment remains "Extreme Fear" in the broader market, but historical data shows these are often the zones where long-term accumulation happens. DYOR!
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