Avalanche (AVAX) has dropped 23% this week as whale outflows surge to a three-month high. The selling of 10.08 million AVAX, worth over 272 million USD, indicates reduced confidence in recovery, marking this sell-off as significant.
The Relative Strength Index (RSI) suggests AVAX is nearing oversold territory, hinting at a possible reversal. Crucial support is at 27 USD; if reclaimed, it could target 31 USD, but a failure may see prices decline to 22 USD.
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