$AVAX trades at $12.40.
What's Happening:
AVAX down 5.2% to $12.40, testing monthly lows.
Gaming narrative takes a breather, impacting demand for subnets.
Institutional partnerships remain widely cited but slow to impact price.
Why It Matters:
Subnets are the tech, but users are the fuel. Without a viral game or app launching now, price drifts with the macro tide. $12 is a value zone for long-term believers.
Technical View:
$12.40 is challenging $12.00 Support. A clean break opens door to $10.50. Support at $12.00. Trend is Bearish.
🎯 Key Levels:
Support: $12.00 | Resistance: $13.50
24h Range: $12.30 - $13.10
💡 "Technology doesn't rest during red candles."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#AVAX #Avalanche #GameFi #Crypto #BuyTheDip
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
