$AVAX is holding the $7.1 support like a champ, quietly coiling under $8!
While $BTC wobbled below $80K, AVAX held its ground—this is textbook institutional accumulation. Spot CVD is rising, OI climbed from $145M to $165M, and Aave V4 deposits on Avalanche just hit a record $19.1M .
The ChartDesk Analytics Gameplan:
The higher timeframe structure is still bearish since June, but a short-term rally is brewing .
· The Support: Watch the $7.10 – $7.30 zone carefully; this MUST hold for the breakout narrative to stay alive .
· The Target: If AVAX breaks above 8.65 – $9.46 in the coming days .
· The Risk: A daily close below $6.80 invalidates this move, and we're back to testing the $6.20 – $6.50 range .
Ecosystem watching:
· awax – Leading the Subnet narrative; real DeFi adoption on-chain.
· $NEAR – AI + Blockchain narrative; quietly building momentum.
· #FTM Sonic upgrade buzz; could catch a bid if L1s rotate.
#writetoearn #trade
While $BTC wobbled below $80K, AVAX held its ground—this is textbook institutional accumulation. Spot CVD is rising, OI climbed from $145M to $165M, and Aave V4 deposits on Avalanche just hit a record $19.1M .
The ChartDesk Analytics Gameplan:
The higher timeframe structure is still bearish since June, but a short-term rally is brewing .
· The Support: Watch the $7.10 – $7.30 zone carefully; this MUST hold for the breakout narrative to stay alive .
· The Target: If AVAX breaks above 8.65 – $9.46 in the coming days .
· The Risk: A daily close below $6.80 invalidates this move, and we're back to testing the $6.20 – $6.50 range .
Ecosystem watching:
· awax – Leading the Subnet narrative; real DeFi adoption on-chain.
· $NEAR – AI + Blockchain narrative; quietly building momentum.
· #FTM Sonic upgrade buzz; could catch a bid if L1s rotate.
#writetoearn #trade