$AVAX 24h Directly dropped from 11.4 to 10.07, -8.5%. Trading volume was $6.12 million. This volume isn’t particularly big on a normal day, but paired with this bearish candle it’s kind of interesting. I looked through discussions from a few big Vs—basically, they fall into two camps: one says the $AVAX subnet narrative has cooled off, and the other is betting that on-chain data will recover after the Avalanche9000 upgrade. Honestly, both sides make some sense, but the chart won’t lie—around the $10 level is support that’s been tested repeatedly before. Today the low was 10.073, which bounced right off it, suggesting someone is picking up shares there. Emotionally, the Fear & Greed Index has been hovering neutral to slightly below neutral lately, and the long/short ratio isn’t extreme either. Fees are basically flat. In this kind of situation, it’s usually not the kind of time that screams “bottom,” but it also isn’t a good time to chase short.

$AVAX #行情分析 #On-chain data