$AVAX is sitting right on $7.65, the level it spent all week climbing above, and it's up 18.94% over 30 days while the headlines went from dead silence to a chain floating its own stablecoin.
the tape agrees. 7d it's +7.61% and it beat bitcoin by 4.7 points over that same stretch. daily RSI is 63, MACD histogram positive, price riding the top third of its range. the screener scored this setup 8 out of 14, so a real long, not a moonshot.
why the tape looks like this: Avalanche is proposing its own stablecoin and pushing tokenized U.S. equities onto the chain. that's the kind of thing that pulls institutional eyes, and it's why buyers keep stepping in to defend $7.65 instead of selling the bounce.
right now $AVAX trades $7.66, with the 24h high at $7.74 and the low at $7.48. if it holds $7.65, i think it grinds up to the 10-day high at $7.741 and then we find out how much the stablecoin story really has in it. if it loses $7.65, i'm wrong on this and there's nothing to defend, you're looking at a failed breakout back toward $7.48 and everyone who bought the reclaim is underwater.
holding $7.65 or losing it?
the tape agrees. 7d it's +7.61% and it beat bitcoin by 4.7 points over that same stretch. daily RSI is 63, MACD histogram positive, price riding the top third of its range. the screener scored this setup 8 out of 14, so a real long, not a moonshot.
why the tape looks like this: Avalanche is proposing its own stablecoin and pushing tokenized U.S. equities onto the chain. that's the kind of thing that pulls institutional eyes, and it's why buyers keep stepping in to defend $7.65 instead of selling the bounce.
right now $AVAX trades $7.66, with the 24h high at $7.74 and the low at $7.48. if it holds $7.65, i think it grinds up to the 10-day high at $7.741 and then we find out how much the stablecoin story really has in it. if it loses $7.65, i'm wrong on this and there's nothing to defend, you're looking at a failed breakout back toward $7.48 and everyone who bought the reclaim is underwater.
holding $7.65 or losing it?
