Avalanche (AVAX) Faces Major Downtrend: 50% Correction Expected Amid Whale Activity

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Avalanche’s native cryptocurrency AVAX faces significant downward pressure, dropping to its lowest point in six months with a 15% correction in the past week.

Technical analysis suggests AVAX could see an additional 50% decline from its current price levels.

The steep price drop is linked to a single entity transferring 1.96 million AVAX to leading exchanges like Binance.

the current outlook for Avalanche’s AVAX remains bearish with potential further declines looming. Investors are advised to remain cautious while considering AVAX investments and to employ strict risk management practices. With significant whale activities affecting prices, the Avalanche market could face turbulent times ahead.

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