AVAX Whales Withdraw Over $35 Million
- Whale Outflows Impact: Over the past week, AVAX whales withdrew more than $35 million from exchanges, with one wallet alone pulling $2.2 million from Coinbase, indicating a cautious stance from large holders that could influence short-term price movements.
- Zero ETF Inflows: Despite ongoing accumulation by retail and large holders, Spot AVAX ETF inflows remained at zero, suggesting that demand for AVAX is primarily driven by spot trading rather than ETF investments, potentially limiting further price appreciation.
- Price Range Stability: AVAX has been trading within a range of $8.21 to $10.45, currently stabilizing around $9.15, while the Relative Strength Index (RSI) at 44.82 indicates weakened bullish momentum below the neutral 50 line, which may lead to sideways price action.
- Derivatives Market Cooling: During the consolidation phase, Open Interest fell by 7.27% to approximately $358.79 million, signaling that leveraged traders are trimming exposure, which could lead to increased price volatility, especially in the short liquidation clusters between $9.30 and $9.50.
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Technical Analysis for AVAX
Technical Sentiment Analysis for Avalanche (AVAX). As of , Avalanche (AVAX) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AVAX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AVAX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Avalanche (AVAX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 7.719 | 8.187 | 8.665 | 9.133 | 9.611 | 10.079 | 10.557 |
| Fibonacci | 8.187 | 8.549 | 8.772 | 9.133 | 9.495 | 9.718 | 10.079 |
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