🟢 $AVAX is quietly lining up with the rest of the top 10/top 20 alts.

Price has been improving lately, and the chart is now approaching a multi-year downtrend with bullish RSI divergence.

Meanwhile, the chain is extremely active. C-Chain activity hit 3.5M daily transactions, active addresses keep rising, and TVL is still around $650M.

RWAs are the big story too: Progmat, BlackRock, Citi, Galaxy, tokenized CLOs, AVAX ETFs, CME futures on May 4, Avalanche9000, Etna, subnets, gaming, and enterprise adoption.

Even with unlock pressure, $AVAX tokenomics are still strong, with only 431.77M AVAX circulating supply.

The fundamentals are building.

AVAX becomes extremely bullish once that downtrend breaks.

Our main target for AVAX mains $848.

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