Avalanche struggles with price action despite continued growth in its subnet ecosystem.
What's Happening:
$AVAX slides to $12.20, testing yearly lows.
Gaming subnets are seeing activity, but not enough to move the token price yet.
Competition from L2s (Base, Arbitrum) is eating into market share.
Token unlocks remain a concern for traders.
Why It Matters: The tech is solid, but the narrative has shifted to L2s. AVAX needs a breakout app to remind the market of its value proposition.
Technical View: $12.00 is critical psychological support. A break below $11.50 could be ugly. Resistance at $13.50.
🎯 Key Levels:
Support: $12.00 | Resistance: $13.50
24h Range: $12.10 - $12.50
💡 Winter is here for prices, but builders are still building.
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#AVAX #Avalanche #Subnets #Gaming #Crypto
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
