AVAX alert: Why a drop to $11 could be near as whales exit the market

Quick Summary:

Recent activities by AVAX whales do not signal increased buying interest; in fact, they indicate a withdrawal.

Should this support hold, it could trigger a rally, pushing the price past the descending trend line towards a close target of $28.

Typically, such spikes might suggest a bullish trend, but the accompanying decline in AVAX’s price indicates otherwise.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Olayiwola Dolapo

Category: Crypto

Markets: United States

Topics: News 1 Ambcrypto News Social Trading View Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 06:00:56 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22341932

View Article Analysis

About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 19 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

Publisher Details

Frequently Asked Questions