AVAX at $7.51 amid claims UAE will use its network for digital identity
- —AVAX rose 1.51% to $7.51 on volume 16% below the 30-day average
- —Avalanche said the UAE will use its network for national digital identity
- —MACD is in negative territory, RSI at 53.1 — neutral zone
- —AVAX is 94.83% below its ATH of $145.31; resistance at $7.67, support at $7.34
Why it matters: Government adoption gives AVAX real network demand, but weak volume and a bearish MACD do not confirm a trend reversal.
Source: DiarioBitcoin