$AVAX /USDT — 🟢 LONG · Conf 65%
📍 Entry: 11.3080 – 11.3760
🛑 SL: 10.7170
🎯 TP1: 11.9091
✅ TP2: 12.3628
🏆 TP3: 13.0433
Price reclaimed all three MAs on the 1H, though the last candle shows a rejection wick under 11.548.
$AVAX : L1 with custom Avalanche L1s (formerly subnets), and ACP-77 cut validator costs for them; the risk is fee revenue that's thin against competing ecosystems.
Do cheaper custom L1s accrue value to AVAX, or do they just fragment liquidity away from it?
#AVAX #Layer1 #ACP77 #validation #HackersDrainOver12.4MXRPFromDCENTWallets
📍 Entry: 11.3080 – 11.3760
🛑 SL: 10.7170
🎯 TP1: 11.9091
✅ TP2: 12.3628
🏆 TP3: 13.0433
Price reclaimed all three MAs on the 1H, though the last candle shows a rejection wick under 11.548.
$AVAX : L1 with custom Avalanche L1s (formerly subnets), and ACP-77 cut validator costs for them; the risk is fee revenue that's thin against competing ecosystems.
Do cheaper custom L1s accrue value to AVAX, or do they just fragment liquidity away from it?
#AVAX #Layer1 #ACP77 #validation #HackersDrainOver12.4MXRPFromDCENTWallets
