AVAX Hangs in Balance as Smart Money Holds Firm

AVAX has reached $6.59, but momentum is flatlined and futures are skeptical, yet smart money remains 64% long.

The 7-, 20-, and 50-day short-term moving averages (SMAs) are stacked below the current price, a bullish alignment that suggests dip buyers have been winning recent battles.

However, the MACD histogram has collapsed to zero, indicating no impulsive conviction from buyers, while the 200-day SMA stands at $8.71, a reminder of AVAX's structural decline.