AVAX tests $7 after CLARITY Act fails in Senate
- —CLARITY Act failed a procedural vote 49-50 against a 60-vote threshold
- —AVAX tests $7: a breakdown threatens a drop to $5 and below
- —Holding $7 and reclaiming the 200-day EMA would restore targets of $8.50 and $10
- —Pharaoh plans to launch 24/7 trading of tokenized U.S. stocks on Avalanche
Why it matters: The $7 level determines whether AVAX's rally since June continues or a deeper correction begins.
Source: Coinpedia