The price of Avalanche’s (AVAX) token has been fluctuating within a narrow range recently, as activity from large-scale investors, commonly referred to as “crypto whales,” has significantly slowed. This reduction in whale trading has contributed to the stagnation of AVAX’s price, which is currently hovering around $23.15—down by 6.5% over the past week. Today’s trading range has seen the price dip as low as $22.99 and peak at $25.36.
Since early February 2025, there has been a notable decline in large AVAX transactions, with the token failing to break past a key resistance level that has held since August 2024. This decrease in whale activity has sparked concerns among market observers about AVAX’s potential future movement, with some wondering whether the price will continue to stagnate or drop further, possibly revisiting the $22 mark.
Historically, whale trades have played a critical role in driving significant price movements for AVAX. The token has reacted strongly to large buy and sell orders, but with fewer substantial trades taking place now, it has struggled to gain momentum. Without the support of major investors, AVAX’s price may remain confined to a sideways trend or could even dip lower.
When a cryptocurrency like AVAX trades in a tight range just below a major resistance point, it typically signals that a significant price movement is imminent—either upward or downward. However, given the current lack of whale participation, the chances of a breakout to the upside seem slim, and the token may instead test lower support levels, such as the $22 mark. This level has historically served as a strong point of support, so if AVAX does dip to this price, there may be opportunities for buyers to step in, anticipating a rebound.
If AVAX continues to struggle to break through resistance and lacks sufficient buying momentum, it may face the risk of further declines below the $22 level.
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