🔥 AVAX waits for a breakout signal
AVAX remains in a descending wedge, and ambiguous on-chain data has yet to provide a sustained impulse.
📊 The key level right now is the 50-day SMA at $6.56, and a breakout could open the way to $7.
A stronger catalyst for Avalanche is still needed for a confident trend reversal.
$AVAX
$SMH
$CL
AVAX remains in a descending wedge, and ambiguous on-chain data has yet to provide a sustained impulse.
📊 The key level right now is the 50-day SMA at $6.56, and a breakout could open the way to $7.
A stronger catalyst for Avalanche is still needed for a confident trend reversal.
$AVAX
$SMH
$CL