It can reach again its year heght of 50, and even more!!just hold!
AVAX is showing signs of life as whale accumulation and a powerful network upgrade spark new excitement. But is this momentum enough to push Avalanche higher, or will short-term profit-taking stall the rally?
🔵 Double Bottom Formation: AVAX formed a technical “double bottom” pattern, often seen as a bullish reversal signal.
Whale Accumulation Rising:
🔵Whales held 26.53M AVAX in January.
🔵As of April 19, that figure jumped to 38.47M AVAX.
🔵That’s around $231.5 million worth of AVAX added.
🔵Current Price: AVAX traded at $19.69, up 32.95% from its monthly low.
🔵Upgrade Boost: The recent "Octane" upgrade slashed transaction fees by 30% and swapping fees by 97%, boosting network efficiency.
Trader Behavior:
🔵Short-term traders are now taking profits, reflected in their falling balances.
🔵HODLers and cruisers are increasing their holdings, suggesting strong belief in long-term growth.
🔵DeFi Health: Avalanche’s DEX volumes remain solid, pointing to healthy on-chain activity despite market volatility.
Whales are diving deep into AVAX, and a major upgrade is fueling optimism. If profit-taking cools off, Avalanche might just ride this wave of momentum and break out from its recent lows toward a more bullish path.
https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/