Avalanche Leads Ethereum In Whale Boost, Will AVAX Price Follow?
2025-07-01 16:12:40
Main Idea
Avalanche (AVAX) has surpassed Ethereum in large whale transactions with a 189% surge in volume, potentially signaling a shift in market sentiment, though its price remains under bearish pressure.
Key Points
1. Avalanche (AVAX) whale transactions surged by 189% in 24 hours, outpacing Ethereum's 114% increase, while Cardano whale activity declined by 9%.
2. AVAX's price dropped 3.45% in 24 hours to $17.26, continuing a 5.06% decline over the past week.
3. Technical indicators suggest a potential breakout if AVAX can sustain above $18, with $20 as a key resistance level.
4. Market participants anticipate moderate price increases despite recent bearish trends.
5. The article highlights the significance of whale activity in influencing AVAX's market dynamics.
Description
Avalanche outshines Ethereum in large transactions as crypto market consolidation deepens
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