Take this table 2 112AVAX Are you currently following AVAX, or have you dismissed this coin as "dead"? Market data shows that interest in L1 projects is reigniting in recent days, and AVAX trading volumes are also recovering. The price is currently resting on the orange liquidity band in the chart, and we are at a decision point; it will either go off track or become the left shoulder of the trend. On the 4-hour chart, the price repeatedly hits the 9.1-9.5 orange zone, and VPVR shows a thick volume wall here, indicating significant sellers. RSI is above 60, slightly downward from the previous peak, suggesting a minor bearish divergence. ✅ Main idea: As long as it stays below this band, I am favoring a short-term correction and a pullback to the green support zone at 8.4-8.6.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Take this table 2 112AVAX Are you currently following AVAX, or have you dismissed this coin as "dead"? Market data shows that interest in L1 projects is reigniting in recent days, and AVAX trading volumes are also recovering. The price is currently resting on the orange liquidity band in the chart, and we are at a decision point; it will either go off track or become the left shoulder of the trend. On the 4-hour chart, the price repeatedly hits the 9.1-9.5 orange zone, and VPVR shows a thick volume wall here, indicating significant sellers. RSI is above 60, slightly downward from the previous peak, suggesting a minor bearish divergence. ✅ Main idea: As long as it stays below this band, I am favoring a short-term correction and a pullback to the green support zone at 8.4-8.6.