In the morning, AVAX was leading the Layer 1 pack, climbing to around $8.69.
By the afternoon, the picture had changed: Binance spot fell back to $8.56, basically right above the intraday low of $8.54.
The broader market didn’t drag it down—BTC was still holding steady around $78,000.
Put simply, the morning’s buying couldn’t hold, and afternoon selling erased the gains.
I don’t see this as a reversal signal, just a failed breakout.
First, watch whether $8.54 holds. If it doesn’t, the weakness is likely to continue;
only a move back above the intraday high of $8.98 would signal a return to strength.
$AVAX $BTC
#Avalanche #CryptoMarket
By the afternoon, the picture had changed: Binance spot fell back to $8.56, basically right above the intraday low of $8.54.
The broader market didn’t drag it down—BTC was still holding steady around $78,000.
Put simply, the morning’s buying couldn’t hold, and afternoon selling erased the gains.
I don’t see this as a reversal signal, just a failed breakout.
First, watch whether $8.54 holds. If it doesn’t, the weakness is likely to continue;
only a move back above the intraday high of $8.98 would signal a return to strength.
$AVAX $BTC
#Avalanche #CryptoMarket