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Something is brewing with $AVAX and most people are looking the wrong way.
We’ve been stuck in this choppy 8.70 to 9.50 range for a while now. Every time it feels like it’s going to tank, the buyers step in at 9.00 to keep it breathing. Right now we are at 9.39 and it’s looking a bit indecisive.
If we can actually push through 9.70 with some real volume, we might finally see a run toward 10.50. But honestly, the volume looks pretty thin right now, so I wouldn’t be surprised if we just drift back down to test the 9.10 support again.
Price action is tight and usually, that leads to a big move soon. Just a matter of which way the liquidations want to go first.
You guys think we break 10 this week or back to the lows?
#DeFiLossesTop600MInApril