đ„ Avalanche (AVAX) Just Exploded 326% in Monthly Transactions â But a Bearish Breakdown Could Be Next đ
The AVAX rocket đ is firing on all cylinders this week:
đ Transactions up 326% in 30 days
đ„ Active addresses jumped 312%
đ” Network fees surged 193%
đ° Stablecoin market cap hit $2.1B â highest since Feb 2025
✠FIFA chooses Avalanche for NFTs
AVAX Price Today: $20.65 (+12%) đ
Thatâs after bouncing from its weekly low. But not everything's bullish...
â ïž The Bear is Lurking Behind the Charts
đ AVAX formed a double-top at $55.20 â a major bearish signal
đ Currently above key neckline at $17.50
đ© Bearish flag pattern forming
đ Below both 50-week & 200-week WMAs
đź Next possible target if breakdown occurs? $15 (-27%) đš
đ€ So Whatâs Going On?
AVAX is booming in ecosystem growth đ„:
$131M in DEX volume in just 24hrs đ
Millions in NFT sales thanks to FIFA âœ
But technical indicators are flashing red đš
đŹ Trader Takeaway:
"AVAX fundamentals are fire đ„ but the charts whisper winter âïž. Watch for a pullback before chasing green."