$AVAX
⚠️📉 AVAX Warning – Double Top! 🚨🛑
Avalanche (AVAX) is flashing a classic double top pattern that has traders on high alert for a potential reversal 📊⚡️. After a strong surge, AVAX rallied into the same resistance zone twice but failed to break through—creating a textbook formation that often signals exhaustion and the start of a pullback 🧱🐻.
🔍📊 On-chain data confirms rising caution. Whale wallets have started distributing holdings 🏦⬆️, moving significant volumes to exchanges as they lock in profits. This increase in supply is putting pressure on buyers and could be the early warning that momentum is losing steam 🌊⚠️.
📈🛑 Technical indicators are sending clear warnings. The Relative Strength Index (RSI) has turned lower from overheated levels 📉🚨, while momentum oscillators are showing bearish divergence. Volume has picked up during the recent rejections, a classic sign that sellers are stepping in with conviction to defend resistance 🎯🛑.
💬💢 Community sentiment is shifting quickly as traders debate whether this pattern will trigger a deeper correction 🗣️⚡️. Influencers and analysts are sounding alarms, pointing out that double tops can mark the end of uptrends if key support levels don’t hold 📢🔥.
Stay cautious 🔔👀—AVAX’s double top could be the signal for a meaningful pullback if buyers can’t reclaim momentum. Watch the reaction near support zones closely; a break lower could accelerate selling pressure fast. This is the moment when smart risk management and clear strategy matter most ⚠️📉!