AVAX Falls 2.25% to $7.24 Despite KRW1 and UAE Digital ID Adoption
- —AVAX trades at $7.24, volume 25.18% above the 30-day average
- —Price below SMA-5, SMA-15 and SMA-20, MACD histogram negative
- —KRW1 stablecoin from BDACS and UAE digital ID failed to support the price
- —Down 40.71% year-to-date and 95.01% from its all-time high
Why it matters: While macro headwinds and uncertainty over the CLARITY Act weigh on the market, Avalanche's fundamental catalysts are not reflected in the price — a delayed re-rating is possible.
Source: DiarioBitcoin