Analyze AVAX
AVAX has plummeted by 10% in the past week, while large holders of the AVAX token are increasing their net inflow of cryptocurrency, hoping to profit from the opportunity presented by the price drop.
In the past month, AVAX has decreased by 3.64%, and its performance over six months shows an even larger decline of 55.30%. The price trend indicates that the market is currently struggling to cope with downward pressure. After FIFA announced a blockchain partnership with AVAX, there was indeed a rise, but the trend reversed afterwards.
What is the next step for AVAX?
Avalanche coin AVAX is in a bearish state, and the latest price predictions indicate that its upward momentum is not as strong as before. It is expected that the asset will pull back to $21, but will not see significant increases again in June.
On the other hand, predictions suggest that AVAX will experience a surge later this year. It is forecasted that by July, AVAX could climb to $24 and continue to rise to an annual high of $50.94 by December 2025.
#AVAX
AVAX has plummeted by 10% in the past week, while large holders of the AVAX token are increasing their net inflow of cryptocurrency, hoping to profit from the opportunity presented by the price drop.
In the past month, AVAX has decreased by 3.64%, and its performance over six months shows an even larger decline of 55.30%. The price trend indicates that the market is currently struggling to cope with downward pressure. After FIFA announced a blockchain partnership with AVAX, there was indeed a rise, but the trend reversed afterwards.
What is the next step for AVAX?
Avalanche coin AVAX is in a bearish state, and the latest price predictions indicate that its upward momentum is not as strong as before. It is expected that the asset will pull back to $21, but will not see significant increases again in June.
On the other hand, predictions suggest that AVAX will experience a surge later this year. It is forecasted that by July, AVAX could climb to $24 and continue to rise to an annual high of $50.94 by December 2025.
#AVAX
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AVAX
20.27
-5.67%
