🔍 AVAX Technical & On‑Chain Overview

📈 Technical Analysis

* Price: ~$24.89

* RSI (14): ~61.7 → bullish zone

* MACD: Positive (0.39), showing rising momentum

* Moving Averages (EMA & SMA): All trending buy over short- and mid-terms

* Daily Pivot (R1): ~$26.69 → near-term resistance

✅On-Chain Sentiment & Whale Activity

* Whale wallets recently accumulated over $10.6M AVAX in 24 hours

* Network transaction fees up 116% while active addresses plunged 74%, showing high-value institutional moves


* Blowout accumulation: IntoTheBlock data signals whale holdings rose from ~26.5M AVAX to ~38.5M since early 2025


* Structural breakout: Price cleared a multi-week downtrend and wedge pattern, with strength targeting $30+

* A break above $26.70–$27.00 with volume confirmation could trigger a move toward $30–32 next.

* Failure below $23.90–$24.00 may revisit deeper support near $23.00–$22.50.

📊 MY POV:

AVAX is consolidating within a bullish flag/wedge on the 4H chart, backed by rising RSI and MACD. Combined with institutional flows and whale accumulation, the technical setup suggests a high-probability continuation. Momentum favors the upside—but manage risk if breakdown occurs below key support.

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