$AVAX has slipped 9% shortly after breaking out of a falling wedge, flashing early signs of buyer exhaustion as the Stochastic RSI hit overbought levels.
š¹ The Avalanche Foundation announced a DLT Foundation in Abu Dhabi to accelerate adoption across the Middle East. This strategic move aim to strengthen long term transparency and demand.
šø Mixed Signals:
Transaction surged to 6.9 million (+0.2M in 24h), signaling usage accelerated.
contrary, Total Value Locked dipped 5%, suggest holder might be disbursing liquidity ahead of the next move.
š¹ The daily structure remains bullish, but recovery hinges on demand returning at wedge support. If momentum flip, the $13 liquidity cluster is the next target.
Will the Middle East expansion be enough to fuel a reversal, or will the 5% TVL drop drag prices lower?
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