A Multifaceted Look at $AVAX

1⃣ Fundamentals

Avalanche has always positioned itself as a high-performance public chain, with layouts in DeFi, GameFi, and RWA (real-world asset on-chain) in its ecosystem. Especially with its Subnet mechanism, it provides institutions and project parties with the ability to create 'custom chains.' Unlike Ethereum, Avalanche emphasizes 'multi-chain collaboration,' making it a veteran player in the high-performance track.

2⃣ Chip Distribution & Market Capitalization

Currently, the circulating market cap of AVAX is around 9.7 billion USD (calculated at 24.6 USD), with a total market cap exceeding 14 billion USD. In terms of chip distribution, the main force in the early stage has already sold off at high levels, and the current phase sees more medium to long-term holders in the market, with chips gradually settling. Most of the funds that entered at lower levels have not exited, and short-term selling pressure is not heavy.

3⃣ Recent News

The Avalanche Foundation is currently promoting more RWA projects on-chain and has collaborative attempts with several traditional financial institutions.

The NFT and gaming sectors in the ecosystem are also recovering, especially with the scalability of subnets bringing in some new developers.

Overall, while the heat is not particularly high, it is in a state of 'fundamentals support, not overly hyped in the short term' in the market.

4⃣ Technical Analysis (Tunnel Indicators)

From the chart, after the previous death cross, the price has formed a double bottom pattern at the bottom. Currently, AVAX has reached the middle area of the daily double tunnel, which usually indicates accumulation.

According to historical patterns, this type of formation is likely to first see a significant volume rally, followed by a consolidation phase. Once the daily tunnel truly forms a golden cross, that wave will mark the beginning of an accelerated surge. In other words, we are currently in the preparatory phase of a 'daily-level major cycle.'

The fundamentals of AVAX remain, chips are settling, market cap is within a reasonable range, and with the technical double bottom and tunnel pattern, it is expected to at least experience a daily level trend next. Whether it can escalate to a higher cycle will depend on the momentum following the golden cross.