🚨 AVAIL’s Binance Alpha Listing Ends in Tears 🚨

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In a shocking turn of events that has left absolutely no one surprised, AVAIL, the native crypto of Avail, has face-planted by over 8% after being listed on Binance Alpha. Because, you know, who needs stability in crypto? 🤪

Binance, in their infinite wisdom, decided to announce the listing on June 20, because who needs a decent night’s sleep when you can have a 3 a.m. X post? The listing is part of their early-access section, Binance Alpha, which is like a playground for Web3 projects to show off their wares.

As part of the festivities, Binance Alpha is hosting an exclusive airdrop campaign, because who doesn’t love free stuff? Users can claim AVAIL tokens using their Alpha Points, which is like a rewards system for being an early bird. Or, you know, a worm. 🐜

But wait, there’s more! Binance is also hosting a trading competition with a prize pool of 32,500,000 AVAIL tokens, worth a whopping $1 million. Because, you know, trading competitions are the answer to all of life’s problems. 🤑

AVAIL’s price, however, had other plans. It dropped like a hot potato shortly after the listing, and as of press time, it’s trading at a whopping $0.028. We’re pretty sure the sell-off was triggered by traders offloading their airdropped tokens, because who needs long-term investment strategies when you can have instant gratification? 🤑

It’s worth noting that a Binance Alpha listing is not a guarantee of a spot listing on Binance’s main exchange. But hey, if you perform well on Alpha, you might just get a chance to join the big leagues. Maybe. Possibly. Ish. 🤔

Avail initially conducted its Token Generation Event on July 23, 2024, and is already listed on other prominent exchanges, including HTX, Gate, KuCoin, and Bybit. Because, you know, being listed on multiple exchanges is a surefire way to success. 🚀

Now, let’s talk about Avail’s price analysis, because who doesn’t love a good chart? 📊

On the daily chart, AVAIL is approaching the upper boundary of a multi-week descending wedge pattern, which is like a big, flashing neon sign that says ” Potential Bullish Reversal Ahead!” 🚨

However, the token continues to trade below its 50-day simple moving average, which is like a big, red flag that says “Short-Term Momentum is Weak, Yo!” 🚫

Additional momentum indicators, including the MACD and RSI, are trending downward, which is like a big, fat “Sell” sign. 🚫

Given these conditions, AVAIL is likely to extend its decline toward the next key support level near $0.025. Because, you know, who needs a recovery when you can have a good old-fashioned price drop? 🤪

As of now, a recovery toward its May high of $0.04 remains unlikely unless sell pressure fades and broader sentiment shifts. But hey, a crypto can dream, right? 😴

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2025-06-20 13:54