AVAX Faces Downward Trend as Whales Pull Out $272 Million | Airdrop Alert Pro

avalanche (Avax) price has been on a downward trend over the past two months and is currently trading at $27. Altcoin lost keys to support the floor, which caused whale investors to lose patience.

Despite the ongoing pressure, Avax still hopes to recover and rebound in the near future.

Avalanche under pressure

Current market sentiment avax under pressure As the whale flows out to a height of three months. Large holders have moved their shares as prices fell 23% this week.

48 hours ago, about $272 million of about $10.08 million was sold in one day. This shift in investor behavior suggests a lack of confidence in short-term recovery, and whales choose to minimize losses rather than maintain their position.

This trend highlights growing suspicion among influential investors. The sell-off of whales is a strong indicator of the bearish outlook, which has affected Avax’s price action. Large wallet holders may focus on protecting their capital as the market remains volatile, reflecting the caution of a broader investor base.

The overall momentum of avax shows signs that its bearish trend is approaching a saturation point. Relative intensity index (RSI), a key technical indicator, which hovered under the dangerous approach below 30.0, indicating Avax entered the super sales area. Historically, once an asset hits an area where oversells, it often leads to a price reversal as bearish momentum begins to run out.

This close proximity to the overselling area could be a potential rebound opportunity. As more and more investors may enter the market at low prices, avax may start See some support from the bargain hunter to promote possible recovery. However, this is still uncertain, and market conditions will require stable and meaningful turnover.

avax price forecast: return a few steps

The price of avax is currently The price was $27 after losing $31 in support levels last weekend. Altcoin has been in a trend over the past two months, and the lack of buying momentum has only increased bearish pressure. However, the current price holds key support above $27, which could bring about a chance of recovery.

While it is unlikely that the decline will continue, given the momentum of bearish saturation, Avax will still be at risk of falling to $22 if investor sentiment worsens and sells further. Bearish pressure may persist in the short term, which is crucial for the backup currency to avoid further losses.

On the other hand, the $27 support can be given avax opportunity Recovered to $31. A breakout above this level will invalidate the bearish outlook, indicating a possible reversal. If Avax can violate the $31 barrier, it can recover some of its recent losses and lay the foundation for more important gatherings.