Oh, darling AVAX, what have you done? You’ve tumbled a staggering 72% from your November high, leaving traders clutching their pearls and muttering prayers for a rebound. But fear not, my dear, for the Granite upgrade is here-cumming this week, no less. Will it be your savior or just another rock-bottom disappointment? Let’s dive in, shall we? 😏💎
- Avalanche price? Down like a lead balloon. Crucial support? Barely holding on. Drama? Plenty.
- The Granite upgrade is supposedly the network’s pièce de résistance. We’ll see about that.
- Technical analysis suggests AVAX could fall further if it loses its current support. Brace yourselves, darlings.
Avalanche’s Granite Upgrade: Shiny or Just Dust?
Avalanche’s AVAX token is currently trading at $15.67-a price so low it’s practically begging for a sympathy card. Its market cap has shrunk from $13 billion to a measly $6.7 billion, which is less impressive than a half-empty champagne glass at a gala. But wait! The Granite upgrade is here, promising cross-chain messaging, biometric authentication, and dynamic block times. Sounds fancy, but will it be enough to polish this tarnished token? 🤔
Granite’s arrival on November 19 coincides with a surge in Avalanche transactions-up 102% in the last 30 days to 63 million. Users have also increased by about 7%, bringing the total to a whopping 719,340. But let’s not pop the champagne just yet. The crypto market crash is still wreaking havoc, and AVAX isn’t immune. Stablecoin supply has dropped 2.52% in the last week, and DEX volume has plummeted from $407 million to $108 million. Total value locked? Down. Funding rate? Down. Drama? Up, up, up! 📉🍾
AVAX Price Technical Analysis: Is the Glass Half Empty or Just Shattered?
Our daily timeframe chart tells a tale as tragic as a Shakespearean play. AVAX has fallen from $36 in October to a pitiful $15.25, clinging to a crucial support level like a debutante clinging to her dignity after a scandalous waltz. The Murrey Math Lines suggest weakness, and the 50-day and 200-day EMAs have formed a death cross-ominous, isn’t it? If AVAX loses this support, it could plummet to $12.50. Alternatively, a rebound could see it retest $25. The plot thickens, darling. 🎭📊
So, will the Granite upgrade be AVAX’s knight in shining armor or just another rock slide? Only time will tell. But one thing’s for sure-this drama is far from over. Buckle up, dears. It’s going to be a bumpy ride. 🚀💎
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2025-11-16 16:15