Avalanche’s (AVAX) price has been stuck in a tight range recently while whales have already slowed down on trading activities recently.
Currently trading at around $23.15, down 6.50% over the past seven days. The trading range for today has seen a low of $22.99 and a high of $25.36.
Since early February 2025, the number of big AVAX transactions has dropped, keeping the price stuck below an important resistance level. This slowdown raises concerns about whether AVAX will drop further or hold steady around $22.
Crypto whales have played a big role in moving the token AVAX price. The price often reacts when they buy or sell in large amounts. But lately, these big trades have declined, as a result AVAX has been unable to break past a resistance level that has held since August 2024.
Without strong whale activity, AVAX may struggle to gain momentum. The price could keep moving sideways or even dip lower, making it uncertain what will happen next.
When a cryptocurrency trades in a narrow range below a critical resistance level, it usually indicates an impending large price move, either up or down. Historically, such consolidation stages have resulted in tremendous volatility.
However, AVAX could find it difficult to break higher and might instead test lower support levels, especially the $22 mark, as there are fewer big investors (whales) participating in the market.
The $22 price point has been a strong support zone in the past. If AVAX drops to this price, buyers may step in, hoping for a rebound. If AVAX can’t break resistance and lacks buying momentum, a drop to further below $22 could happen.
Also Read: Avalanche (AVAX) to Drop 20%? Will $35 Support Hold or Break?
