Avalanche's Helicon upgrade activates today at 15:00 UTC, bringing Continuous Execution to the C-Chain, shorter minimum staking periods, auto-renewed staking and changes to gas pricing.
Meanwhile, $AVAX is already up roughly 47% over the past week, so this is where things get interesting.
What I'm watching:
$11.00: key near-term support. Holding it keeps the breakout structure intact.
$12.00-12.25: the next major resistance zone. A clean break with volume would be more meaningful than another quick wick higher.
The risk? After such a fast rally, Helicon could become a classic sell-the-news event if buyers fail to defend $11.
I wouldn't chase the move here. I'd watch how $AVAX reacts around these levels after the upgrade goes live.
NFA.
Meanwhile, $AVAX is already up roughly 47% over the past week, so this is where things get interesting.
What I'm watching:
$11.00: key near-term support. Holding it keeps the breakout structure intact.
$12.00-12.25: the next major resistance zone. A clean break with volume would be more meaningful than another quick wick higher.
The risk? After such a fast rally, Helicon could become a classic sell-the-news event if buyers fail to defend $11.
I wouldn't chase the move here. I'd watch how $AVAX reacts around these levels after the upgrade goes live.
NFA.
