๐ฅ Avalanche (AVAX) Just Exploded 326% in Monthly Transactions โ But a Bearish Breakdown Could Be Next ๐
The AVAX rocket ๐ is firing on all cylinders this week:
๐ Transactions up 326% in 30 days
๐ฅ Active addresses jumped 312%
๐ต Network fees surged 193%
๐ฐ Stablecoin market cap hit $2.1B โ highest since Feb 2025
โฝ FIFA chooses Avalanche for NFTs
AVAX Price Today: $20.65 (+12%) ๐
Thatโs after bouncing from its weekly low. But not everything's bullish...
โ ๏ธ The Bear is Lurking Behind the Charts
๐ AVAX formed a double-top at $55.20 โ a major bearish signal
๐ Currently above key neckline at $17.50
๐ฉ Bearish flag pattern forming
๐ Below both 50-week & 200-week WMAs
๐ฎ Next possible target if breakdown occurs? $15 (-27%) ๐จ
๐ค So Whatโs Going On?
AVAX is booming in ecosystem growth ๐ฅ:
$131M in DEX volume in just 24hrs ๐
Millions in NFT sales thanks to FIFA โฝ
But technical indicators are flashing red ๐จ
๐ฌ Trader Takeaway:
"AVAX fundamentals are fire ๐ฅ but the charts whisper winter โ๏ธ. Watch for a pullback before chasing green."
