The order book is signaling first: volume is $2.34 million, and this kind of volatility is pretty active for a major L1.
Taking a look at the current market, there’s buying support around 10.1, while resistance above 10.67 is solid. The current price is 10.47, sitting slightly above the midpoint. Put simply, this is a tug-of-war between bulls and bears; whoever blinks first gets hurt.
A few big influencers are discussing signs of a recent revival in the $AVAX subnet narrative. I haven’t seen any explosive moves in the on-chain data, but community sentiment is definitely a bit warmer than last month. Funding rates aren’t extreme, and the long/short ratio is neutral, which suggests leveraged traders haven’t gotten carried away yet.
A veteran trader’s rule of thumb: with a coin like $AVAX , either wait for it to break above 10.7 on strong volume before chasing, or buy on a retest of 10.1 if it holds. Chasing in between just means handing the market makers your trading fees.
$AVAX #行情分析 #On-chain data
Taking a look at the current market, there’s buying support around 10.1, while resistance above 10.67 is solid. The current price is 10.47, sitting slightly above the midpoint. Put simply, this is a tug-of-war between bulls and bears; whoever blinks first gets hurt.
A few big influencers are discussing signs of a recent revival in the $AVAX subnet narrative. I haven’t seen any explosive moves in the on-chain data, but community sentiment is definitely a bit warmer than last month. Funding rates aren’t extreme, and the long/short ratio is neutral, which suggests leveraged traders haven’t gotten carried away yet.
A veteran trader’s rule of thumb: with a coin like $AVAX , either wait for it to break above 10.7 on strong volume before chasing, or buy on a retest of 10.1 if it holds. Chasing in between just means handing the market makers your trading fees.
$AVAX #行情分析 #On-chain data