Avalanche DEX fees jump 208%, AVAX stuck below $8.19
- —AVAX at $7.52: above EMA 20 ($7.44) and EMA 50 ($7.20), but below EMA 200 ($8.19)
- —Joe V2.2 fees rose 208.29% in 24 hours and 173.91% over the week
- —Pharaoh V3: +125.68% in 24 hours and +203.9% over 30 days
- —Daily MACD histogram is negative (-0.06), momentum is slowing
Why it matters: Rising on-chain activity while AVAX trades sideways could signal demand accumulation, but a break above $8.19 is needed for a trend change.
Source: The Cryptonomist