πŸš€ $AVAX Whale Activity Surges 80% – Is a Bullish Reversal Coming?

David Tevzadze - Feb 26 - - Dev Community

πŸ“ˆ AVAX Sees Massive Spike in Activity
Avalanche (AVAX) is gaining momentum, with whale activity up 80% in 24 hours, according to IntoTheBlock. Increased active addresses suggest growing investor interest, hinting at a potential bullish reversal.

πŸ”— Network Growth Driving Confidence
The surge in activity may stem from new partnerships and on-chain developments, boosting investor confidence. As BTC and ETH gain strength, traders may be shifting towards altcoins like AVAX for higher returns.

πŸ“Š Bearish Momentum Weakens
AVAX is fluctuating near a key demand zone, historically a trend reversal signal. Technical indicators like RSI and Moving Averages are turning bullish, suggesting that selling pressure is fading.

πŸ“‰ Breakout on the Horizon?
If AVAX maintains its momentum and breaks key resistance levels, it could attract more traders and investors, reinforcing its uptrend. Holding above support levels will be crucial for a sustained rally.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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