Avalanche (AVAX) has gained 2.62% recently, rebounding from a prior decline of 26.22%. Despite this uptick, retail investors are selling off their assets, creating a bearish trend.
Smart money investors have achieved profits of up to 375% but are choosing to hold their positions. In contrast, retail investors are cashing out, selling 821,000 USD worth of AVAX within 24 hours.
AVAX has broken out of a descending channel, suggesting a bullish trend. However, the key resistance level at 19.81 USD could limit further gains, and surpassing it might allow for a potential increase of 27%.
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