Avalanche (AVAX) Holds Above $50: The Impact on $1 Billion in Holdings if It Fails
Avalanche Investors Might Move to Sell
Avalanche price is currently trading around $53 and preparing for further decline. If the altcoin dips below $51, nearly $1 billion worth of tokens could face significant losses.
Avalanche Supply Distribution
About 34.15% of the circulating supply is held by short-term traders, making the price highly susceptible to selling and potential drawdowns.
AVAX Price Prediction:Avalanche price could potentially drop to $47 if selling intensifies, but a shift in momentum could lead to a recovery and breach the $58 resistance level.
Read More:Find out what the impact of AVAX price movements could mean for holdings worth $1 billion in our detailed analysis.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.