AVAX at Make-or-Break Zone: Breakout or Breakdown Ahead?

AVAX at Make-or-Break Zone: A Storm Is Brewing

After recovering the $22.58 neckline, Avalanche (AVAX) appeared to be stabilizing below the crucial $25 resistance at the time of writing. With the press time price action showing compression within a rising wedge—a pattern that frequently precedes volatility—this zone has historically served as a reversal point.

The price might rise to $30 with a breakout, but it might fall back to $22.50 with another rejection. Particularly considering that the cryptocurrency appeared to be worth $23.35 after a 0.58% drop in the daily charts. As a result, this resistance zone is the crucial juncture that will probably dictate AVAX‘s next course of action in the near future.

Massive Whale Inflows Push AVAX Toward Key Resistance Level

Netflows have increased by +191.9% over the past seven days, indicating a change in whale behavior this week. AVAX was pressing against a significant resistance zone at the time of this accumulation, which is indicative of increased whale interest. It supports positive momentum, but it’s unclear if this is long-term conviction or speculative positioning. Continued inflows might give the market the strength it needs to break out. Bulls might, however, lose steam if accumulation slows or reverses.

Retail Surge Powers Market Momentum, But Where Are the Whales?

Additionally, retail activity has remained at the forefront. While transactions between $100 and $1k climbed by +167.79%, those between $1k and $10k increased by +282.63%. The absence of significant institutional engagement was confirmed by the higher-value bands over $10,000, which stayed largely flat or negative.

This was confirmed by wallet concentration data. Over the last 30 days, retail holdings increased by +12.93%, but whales only increased by +4.38%. In short, retail has been a major driver of the rally’s momentum. Short-term movements are fueled by such influx, but until bigger players join in, it could not have the depth to support higher price levels.

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