$AVAX slides 6.15% as Layer 1 protocols face heightened selling pressure during market reset.
What's Happening:
Price Action: Avalanche breaks below $13, testing $12.81 support zone.
Subnet Activity: Despite price weakness, subnet launches continue — network growth intact.
Gaming Focus: Avalanche gaming initiatives with major studios remain on track.
DeFi TVL: Some TVL outflows as traders derisk positions across chains.
Why It Matters:
Avalanche's subnet architecture enables customized blockchains for enterprises and gaming — a differentiated value proposition. The institutional partnerships (gaming studios, TradFi players) provide demand drivers that transcend short-term price action. Corrections don't cancel contracts.
Technical View:
$12 is the key support — the September breakout level. A hold here keeps the medium-term bullish structure. Resistance at $15 marks recovery territory. The 200-day MA sits at $11.50 as last line of defense.
🎯 Key Levels:
Support: $12.00 | Resistance: $15.00
24h Range: $12.09 - $13.76
💡 "Subnets don't stop building because markets correct. Avalanche's enterprise thesis plays out in quarters, not hours."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Avalanche #AVAX #Layer1 #Subnets #CryptoNews
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.
