Markets· ★★· neutral·

AVAX at $9.97: 32% Monthly Gain, but Volume Sits 32% Below Average

  • —AVAX at $9.97: up 32.28% in 30 days and 51.98% in 90 days
  • —Daily volume of $392.43 million is 31.92% below the 30-day average
  • —MACD is bearish, RSI at 48.1, price below 5-, 7-, 10-, 15-, 20- and 30-day SMAs
  • —AVAX remains 93.13% below its November 2021 all-time high of $145.31
Why it matters: Dubai's institutional use case supports Avalanche's long-term thesis, but weak volume and bearish technicals leave no confirmation of a reversal.
#AVAX
Source: DiarioBitcoin
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