【AVAX has fallen 92% from its peak, and you think it’s a bargain? Wake up.】
Honestly, AVAX at this price lately has been making me a little uneasy—not because it’s fallen, but because people have started calling it “cheap.”
I learned this lesson back in 2017. Back then, whenever I saw a coin that had fallen a lot, I thought it was an opportunity. And what happened? The market told me: “What you think is the bottom is often only halfway down.”
AVAX is up 4.9% this week, so it looks like things have stabilized, but it’s still down 0.7% over the past 24 hours. A major move is approaching, and trading volume is picking up—this isn’t an entry signal; it’s a signal that the market could turn. FNG is at 70, and sentiment is greedy. That’s often when things go wrong.
Some people say AVAX is undervalued: it’s fallen 92% from its peak. I understand that logic. But undervalued ≠ about to rise. There are two big hurdles in between: “Have the fundamentals changed?” and “Is anyone willing to buy?” Back in 2021, when I made a fortune, I thought my judgment was brilliant too. Looking back now, the market was doing well—that doesn’t mean my judgment was right.
Next week, I’ll be watching two things: whether trading volume can keep rising, and whether Bitcoin’s market dominance will continue squeezing altcoins. AVAX is following BTC’s trend right now. If BTC can’t hold steady, the “undervalued” argument for AVAX doesn’t hold up at all.
Has my view changed this week? Honestly, no. I’m still watching and waiting.
What about you? If you’re holding AVAX, are you holding on for dear life or trying to trade the swings? If you’re sitting on the sidelines, do you think the opportunity has arrived, or are you still watching? Itching to make a move?
Honestly, AVAX at this price lately has been making me a little uneasy—not because it’s fallen, but because people have started calling it “cheap.”
I learned this lesson back in 2017. Back then, whenever I saw a coin that had fallen a lot, I thought it was an opportunity. And what happened? The market told me: “What you think is the bottom is often only halfway down.”
AVAX is up 4.9% this week, so it looks like things have stabilized, but it’s still down 0.7% over the past 24 hours. A major move is approaching, and trading volume is picking up—this isn’t an entry signal; it’s a signal that the market could turn. FNG is at 70, and sentiment is greedy. That’s often when things go wrong.
Some people say AVAX is undervalued: it’s fallen 92% from its peak. I understand that logic. But undervalued ≠ about to rise. There are two big hurdles in between: “Have the fundamentals changed?” and “Is anyone willing to buy?” Back in 2021, when I made a fortune, I thought my judgment was brilliant too. Looking back now, the market was doing well—that doesn’t mean my judgment was right.
Next week, I’ll be watching two things: whether trading volume can keep rising, and whether Bitcoin’s market dominance will continue squeezing altcoins. AVAX is following BTC’s trend right now. If BTC can’t hold steady, the “undervalued” argument for AVAX doesn’t hold up at all.
Has my view changed this week? Honestly, no. I’m still watching and waiting.
What about you? If you’re holding AVAX, are you holding on for dear life or trying to trade the swings? If you’re sitting on the sidelines, do you think the opportunity has arrived, or are you still watching? Itching to make a move?