AVAX Breakout Fading Fast? 🚨

Entry: $13.50 🟩

Target: $15.00 🎯

Stop Loss: $12.80 🛑

The AVAX wedge breakout is showing cracks! 📉 Prices just dropped 9%, and the Stochastic RSI is screaming "overbought." Bulls seem exhausted. But here's the twist: Avalanche Foundation is launching a DLT Foundation in Abu Dhabi to boost adoption in the Middle East. This could be the game-changer. Buyer dominance is rising, and if adoption picks up, we could see a bullish reversal. Watch the wedge's upper resistance for the next move. On-chain data is mixed: contract activity is soaring, but TVL dipped slightly, possibly for strategic liquidity. The $13 level is key. Could adoption efforts ignite a comeback?

This is not financial advice.

#AVAX #Crypto #Trading #Altcoins #Blockchain

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