Must See! AVAX Falls 29% in a Week: Will These Factors Trigger a Price Reversal?

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Recent data shows a surge in several address metrics, the most notable being active addresses—this is a positive signal for AVAX. Whales may have driven the increase in active addresses, as well as the rise in dollar balances held by large accounts.

The price of Avalanche [AVAX] has dropped 14.05% in the past 24 hours, and the weekly decline has expanded to 29.12%. Despite this bearish trend, a shift in market sentiment may be on the horizon.

According to AMBCrypto, whale activity appears to be intensifying, which could propel AVAX into a new market phase.

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