🚀 $AVAX breaks the losing streak! After a tough month dropping over 26%, AVAX finally gained 2.62% in the last 24 hours. But what’s really behind this rebound? 🤔

Smart Money — those savvy investors who know how to buy low and sell high — have been cashing in huge profits, up to 375% gains according to Nansen. Surprisingly, they’re holding onto their AVAX positions instead of selling off, which could mean they’re expecting even more upside. 💼💰

On the flip side, retail investors aren’t so optimistic. After accumulating nearly $12M worth last week, they’ve started selling, offloading $821K in just one day and even opening short bets on AVAX’s price. This bearish retail sentiment is pushing pressure down on AVAX’s price for now. 📉👥

Chart-wise, AVAX broke out of its descending channel — a bullish signal — but it still faces strong resistance levels at around $19.81 and potentially $22. Overcoming these hurdles could fuel a 27% rally from the breakout. 🚧📊

Overall, the market is showing mixed signals with stagnant TVL and cautious investors. Will the smart money’s hold lead to a fresh bull run, or will retail selling drag AVAX down again? Time will tell. ⏳

Stay tuned and trade smart! ⚡