📈Avalanche (AVAX): A fast blockchain on a downhill run?
Market capitalization:
8.05 billion💵
Avalanche is not just a snow avalanche, but one of the fastest and most scalable blockchain platforms. Imagine a Ferrari in the world of blockchains – thousands of transactions per second and a finish in mere moments. While Ethereum resembles a busy highway with traffic jams, AVAX speeds down the expressway! 🚘
⚡️ But the main news: AVAX has almost retraced 61.8% of the rise from March 11 to 25! And it continues to move down without any issues. But every movement, sooner or later, comes to an end.
What does this mean?👀
⏺ Analysts already see an imminent end to the decline – like a finish line just around the last turn.
⏺ The price is entering a cluster of levels that could slow it down.
Deal markers:🕯
📈 A rise above $20 will open the way to $22.5.
📉 A drop below $18 could send it to $16.
Conclusion:
Despite the impressive rally, AVAX looks overheated or oversold. As experienced skiers say – after a steep descent, a pause is always needed. Watch the price behavior at $20 and $18 – these are key levels that will indicate whether the ascent will begin or the descent will continue.
Shall we discuss AVAX in the chat?💭
And should you buy it?! 
