$AVAX isn't bearish here. It's neglected. 🔥
Down 2.11% to $10.90, but $62.69M volume is just 0.2x the 20d average. That is not real distribution. RSI sits at 49, price is still above the 20d and 50d MAs, while longs paying 0.010% funding is the only warning I care about.
Unlike $BNB, @avalancheavax is getting ignored while structure holds. At $10.90, I’m holding, not chasing. Weak hands are selling a quiet dip. 🧊
#Avalanche #Layer1 #Altcoin
Down 2.11% to $10.90, but $62.69M volume is just 0.2x the 20d average. That is not real distribution. RSI sits at 49, price is still above the 20d and 50d MAs, while longs paying 0.010% funding is the only warning I care about.
Unlike $BNB, @avalancheavax is getting ignored while structure holds. At $10.90, I’m holding, not chasing. Weak hands are selling a quiet dip. 🧊
#Avalanche #Layer1 #Altcoin