$AVAX ๐ด๐ Round Top at Chart โ AVAX Might Be Slipping Into a Downtrend! โ ๏ธ๐ฅโ๏ธ
Avalanche (AVAX) is flashing danger signs as it forms a classic round top pattern, often a warning that upward momentum is fading and a reversal could be near. This smooth, curved structure might look harmless โ but itโs a subtle signal that the bulls are losing grip, and a potential dump could be on the horizon. ๐งจ๐๐
AVAX surged confidently at first ๐, gaining attention and volume โ but instead of breaking out further, price action started to roll over slowly, forming that ominous rounded peak. The curve is no coincidence โ it shows buying interest weakening with every candle, while sellers prepare for a bigger move. ๐๐ง ๐ป
Volume is following the pattern perfectly: high at the start, now fading with each attempt to push higher ๐๐. If AVAX breaks below the base of this round top, it could open the door to a fast and nasty correction. Support levels might not hold if panic kicks in. ๐ฑ๐ฃ๐ณ๏ธ
This isnโt the kind of setup that makes noise โ round tops are quiet killers. No sharp rejection, just a slow drift downโฆ until it drops. Traders should be cautious, use tight stop-losses ๐ก๏ธ, and keep emotions in check. This isnโt the time to gamble. โ ๏ธโฐ
While AVAX remains strong in fundamentals ๐โ๏ธ, the technical setup is shouting caution. If the pattern completes, donโt be surprised by a quick flush.
The curve is forming. The momentum is dying. Will AVAX hold โ or fall?