Oh, Avalanche, you fickle beast! 🌋 Just when we thought you were holding steady at $13, you’re acting like a Bridget Jones at a salad bar-struggling to keep it together. 🥗 Despite all the ecosystem growth and trading activity (hello, $301 million in volume! 💰), those pesky bearish chart patterns are still throwing shade. 😒
- AVAX is clinging to $13 like it’s the last slice of pizza at a party. 🍕 Lower highs? More like lower sighs. 😔
- Futures volume is up, but is it FOMO or just traders betting on your downfall? 🤔
- Unless you reclaim $15-$16 with the confidence of a woman who’s just been proposed to, those bearish patterns are here to stay. 💍✨
At press time, AVAX was sulking at $13.20, down 0.2% in the last 24 hours. 🕰️ Over the past week, it’s lost 2.4%, and on a monthly view, it’s down 15%. Yikes! 😱 But hey, at least it’s not a dating disaster like Bridget’s-yet. 💔
Trading volume jumped 41%, but the price barely budged. It’s like showing up to a party in a killer outfit but no one notices. 👗 Futures activity grew 21%, and open interest is up 1.2%, so traders are definitely interested, even if it’s just to watch the drama unfold. 🍿
Ecosystem Growth: The Unappreciated Hero 🦸♀️
Avalanche’s ecosystem is thriving like Mark Darcy at a law firm-steady and impressive. 📈 C-Chain activity is booming, TVL is on an uptrend, and stablecoin supply has hit $1.5 billion. 💼 Even institutions are swooning, with AVAX joining the Bitwise 10 Crypto Index ETF. 🎉
Huge: Avalanche is now part of the Bitwise 10 Crypto Index ETF (NYSE: BITW)
The institutions are here🔺
– Avalanche🔺 (@avax) December 9, 2025
But alas, the broader market is being a buzzkill, keeping prices in a technical straitjacket. 🤷♀️
Technical Analysis: The Plot Thickens 📉
AVAX is stuck in a downtrend like Bridget in a bad relationship. 💔 Every rally hits a descending trendline, and the rising wedge has already broken to the downside. Now, it’s forming a descending triangle around $13-will it break or hold? 🧐
Sellers are pushing like a Black Friday crowd, while buyers are holding on for dear life. 🛍️ If $13 breaks, $11.50 is next, with $10 as the last line of defense. To turn this around, AVAX needs to hit $15.50-$16 with the force of a Bridget Jones comeback. 💪
Momentum is meh-RSI at 42, trading volume cooled. It’s like a first date with no sparks. 🥱 But hey, at least it’s not a total disaster… yet. 🌪️
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2025-12-15 10:49