After a massive whale moved 2 million AVAX to coinbase the token started to sell off harshly alongside already weak sentiment. With BTC weak altcoins fell right through the floor. I did update a more reliable weekly demand zone which AVAX rapidly approaches. This is just below the long-term red fib I drew a long time ago. AVAX is one of my largest holding and I have several hundred tokens with some staked. I still think we see over 115$ this cycle, a more bullish projection is 260$ at the peak.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.