AVAX Stumbles as Crypto Market Surges: Bearish ’Double Top’ Threatens Short-Term Rally

AVAX's price action is lagging behind the broader crypto rally—just as traders spot a classic reversal pattern forming.

Here's why Avalanche's native token might be headed for a pullback.

The Double Top Dilemma

Technical analysts are flashing warning signs after AVAX painted two failed attempts to break resistance. The pattern often precedes a 10-20% drop—bad news for latecomers chasing the altcoin pump.

Market Outperformance? Not Today

While Bitcoin and Ethereum notch steady gains, AVAX's weekly chart shows underperformance. Traders are rotating into blue chips, leaving speculative altcoins in the dust (as usual when volatility spikes).

Silver Lining Playbook

Chain activity remains healthy despite price action. Avalanche's subnet adoption keeps growing—because nothing says 'decentralization' like paying VCs to build private blockchains.

Watch the $28 support level. If it cracks, fast-money traders will pile into shorts faster than a hedge fund dumping tokens after lock-up expiry.