• bitcoinBitcoin (BTC) $ 63,984.00
  • ethereumEthereum (ETH) $ 3,136.51
  • tetherTether (USDT) $ 0.999842
  • bnbBNB (BNB) $ 560.02
  • solanaSolana (SOL) $ 167.03
  • xrpXRP (XRP) $ 0.612335
  • usd-coinUSDC (USDC) $ 0.999763
  • staked-etherLido Staked Ether (STETH) $ 3,138.03
  • dogecoinDogecoin (DOGE) $ 0.123242
  • the-open-networkToncoin (TON) $ 6.54
  • cardanoCardano (ADA) $ 0.390663
  • tronTRON (TRX) $ 0.135400
  • avalanche-2Avalanche (AVAX) $ 26.92
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 64,031.00
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • polkadotPolkadot (DOT) $ 5.68
  • chainlinkChainlink (LINK) $ 12.80
  • bitcoin-cashBitcoin Cash (BCH) $ 348.57
  • nearNEAR Protocol (NEAR) $ 5.41
  • leo-tokenLEO Token (LEO) $ 5.83
  • uniswapUniswap (UNI) $ 7.12
  • daiDai (DAI) $ 1.00
  • litecoinLitecoin (LTC) $ 67.74
  • wrapped-eethWrapped eETH (WEETH) $ 3,273.01
  • pepePepe (PEPE) $ 0.000011
  • matic-networkPolygon (MATIC) $ 0.496545
  • internet-computerInternet Computer (ICP) $ 9.51
  • kaspaKaspa (KAS) $ 0.174346
  • ethena-usdeEthena USDe (USDE) $ 0.997228
  • ethereum-classicEthereum Classic (ETC) $ 21.76
  • aptosAptos (APT) $ 6.54
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.18
  • stellarStellar (XLM) $ 0.101302
  • moneroMonero (XMR) $ 153.53
  • mantleMantle (MNT) $ 0.812989
  • blockstackStacks (STX) $ 1.68
  • dogwifcoindogwifhat (WIF) $ 2.43
  • makerMaker (MKR) $ 2,584.85
  • crypto-com-chainCronos (CRO) $ 0.089505
  • filecoinFilecoin (FIL) $ 4.13
  • okbOKB (OKB) $ 39.12
  • render-tokenRender (RENDER) $ 5.93
  • arbitrumArbitrum (ARB) $ 0.690521
  • hedera-hashgraphHedera (HBAR) $ 0.063963
  • injective-protocolInjective (INJ) $ 23.44
  • cosmosCosmos Hub (ATOM) $ 5.80
  • bittensorBittensor (TAO) $ 312.84
  • immutable-xImmutable (IMX) $ 1.41
  • vechainVeChain (VET) $ 0.026817
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998395
  • arweaveArweave (AR) $ 28.76
  • optimismOptimism (OP) $ 1.67
  • bonkBonk (BONK) $ 0.000027
  • suiSui (SUI) $ 0.730311
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,516.54
  • the-graphThe Graph (GRT) $ 0.184451
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,192.17
  • flokiFLOKI (FLOKI) $ 0.000173
  • bitget-tokenBitget Token (BGB) $ 1.10
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,266.38
  • whitebitWhiteBIT Coin (WBT) $ 10.06
  • thorchainTHORChain (RUNE) $ 4.27
  • lido-daoLido DAO (LDO) $ 1.56
  • theta-tokenTheta Network (THETA) $ 1.39
  • notcoinNotcoin (NOT) $ 0.013362
  • ondo-financeOndo (ONDO) $ 0.929413
  • aaveAave (AAVE) $ 86.24
  • jupiter-exchange-solanaJupiter (JUP) $ 0.939298
  • pyth-networkPyth Network (PYTH) $ 0.350135
  • jasmycoinJasmyCoin (JASMY) $ 0.025585
  • fantomFantom (FTM) $ 0.435474
  • based-brettBrett (BRETT) $ 0.118979
  • coredaoorgCore (CORE) $ 1.28
  • celestiaCelestia (TIA) $ 5.63
  • algorandAlgorand (ALGO) $ 0.134140
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,164.41
  • sei-networkSei (SEI) $ 0.344652
  • quant-networkQuant (QNT) $ 69.57
  • mantra-daoMANTRA (OM) $ 1.18
  • gatechain-tokenGate (GT) $ 7.35
  • flowFlow (FLOW) $ 0.622578
  • msolMarinade Staked SOL (MSOL) $ 200.94
  • kucoin-sharesKuCoin (KCS) $ 9.32
  • elrond-erd-2MultiversX (EGLD) $ 31.85
  • eosEOS (EOS) $ 0.567786
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.95
  • beam-2Beam (BEAM) $ 0.016694
  • heliumHelium (HNT) $ 4.95
  • bitcoin-svBitcoin SV (BSV) $ 41.75
  • axie-infinityAxie Infinity (AXS) $ 5.54
  • flare-networksFlare (FLR) $ 0.018214
  • galaGALA (GALA) $ 0.021949
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.01
  • bittorrentBitTorrent (BTT) $ 0.00000083
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,198.17
  • neoNEO (NEO) $ 10.81
  • dydx-chaindYdX (DYDX) $ 1.23
  • fasttokenFasttoken (FTN) $ 2.34
  • ethenaEthena (ENA) $ 0.430704
  • usddUSDD (USDD) $ 0.998744
  • popcatPopcat (POPCAT) $ 0.748113
  • akash-networkAkash Network (AKT) $ 3.02
  • ordinalsORDI (ORDI) $ 34.12
  • tezosTezos (XTZ) $ 0.719191
  • the-sandboxThe Sandbox (SAND) $ 0.301875
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,380.29
  • starknetStarknet (STRK) $ 0.519748
  • roninRonin (RON) $ 1.95
  • nexoNEXO (NEXO) $ 1.15
  • fraxFrax (FRAX) $ 0.995540
  • ecasheCash (XEC) $ 0.000032
  • worldcoin-wldWorldcoin (WLD) $ 2.10
  • conflux-tokenConflux (CFX) $ 0.144669
  • paypal-usdPayPal USD (PYUSD) $ 0.998597
  • frax-etherFrax Ether (FRXETH) $ 3,150.24
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000028
  • decentralandDecentraland (MANA) $ 0.313710
  • tether-goldTether Gold (XAUT) $ 2,373.17
  • chilizChiliz (CHZ) $ 0.065501
  • zebec-protocolZebec Protocol (ZBC) $ 0.012713
  • mog-coinMog Coin (MOG) $ 0.000002
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006412
  • zksyncZKsync (ZK) $ 0.154895
  • gnosisGnosis (GNO) $ 218.97
  • pendlePendle (PENDLE) $ 3.62
  • oasis-networkOasis Network (ROSE) $ 0.084084
  • raydiumRaydium (RAY) $ 2.15
  • mina-protocolMina Protocol (MINA) $ 0.486858
  • book-of-memeBOOK OF MEME (BOME) $ 0.007807
  • dexeDeXe (DEXE) $ 9.36
  • havvenSynthetix Network (SNX) $ 1.62
  • iotaIOTA (IOTA) $ 0.155074
  • swethSwell Ethereum (SWETH) $ 3,342.47
  • aioz-networkAIOZ Network (AIOZ) $ 0.471472
  • wormholeWormhole (W) $ 0.278136
  • klay-tokenKlaytn (KLAY) $ 0.134403
  • apecoinApeCoin (APE) $ 0.735465
  • layerzeroLayerZero (ZRO) $ 4.49
  • true-usdTrueUSD (TUSD) $ 0.999072
  • astarAstar (ASTR) $ 0.069873
  • safeSafe (SAFE) $ 1.14
  • nervos-networkNervos Network (CKB) $ 0.010845
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,428.08
  • livepeerLivepeer (LPT) $ 14.14
  • xdce-crowd-saleXDC Network (XDC) $ 0.031292
  • axelarAxelar (AXL) $ 0.636643
  • zcashZcash (ZEC) $ 30.08
  • 1inch1inch (1INCH) $ 0.360130
  • illuviumIlluvium (ILV) $ 66.20
  • pax-goldPAX Gold (PAXG) $ 2,360.48
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000080
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.87
  • theta-fuelTheta Fuel (TFUEL) $ 0.064894
  • bitcoin-goldBitcoin Gold (BTG) $ 24.25
  • aerodrome-financeAerodrome Finance (AERO) $ 0.760623
  • apenftAPENFT (NFT) $ 0.00000042
  • kavaKava (KAVA) $ 0.381476
  • iotexIoTeX (IOTX) $ 0.043249
  • wemix-tokenWEMIX (WEMIX) $ 1.00
  • usdbUSDB (USDB) $ 0.997682
  • project-galaxyGalxe (GAL) $ 3.38
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.957895
  • aevo-exchangeAevo (AEVO) $ 0.458357
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.076568
  • g-tokenGravity (G) $ 0.053367
  • mx-tokenMX (MX) $ 3.87
  • turboTurbo (TURBO) $ 0.005503
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.003767
  • h2o-daoH2O Dao (H2O) $ 0.454898
  • stader-ethxStader ETHx (ETHX) $ 3,254.03
  • safepalSafePal (SFP) $ 0.777835
  • woo-networkWOO (WOO) $ 0.185803
  • ether-fiEther.fi (ETHFI) $ 2.03
  • availAvail (AVAIL) $ 0.200876
  • compound-ethercETH (CETH) $ 63.16
  • jito-governance-tokenJito (JTO) $ 2.68
  • memecoin-2Memecoin (MEME) $ 0.014686
  • manta-networkManta Network (MANTA) $ 0.878922
  • singularitynetSingularityNET (AGIX) $ 0.520342
  • compound-governance-tokenCompound (COMP) $ 47.30
  • stepnGMT (GMT) $ 0.141145
  • arkhamArkham (ARKM) $ 1.32
  • golemGolem (GLM) $ 0.320408
  • rocket-poolRocket Pool (RPL) $ 15.49
  • beldexBeldex (BDX) $ 0.047633
  • aragonAragon (ANT) $ 7.85
  • corgiaiCorgiAI (CORGIAI) $ 0.000923
  • osmosisOsmosis (OSMO) $ 0.464344
  • superfarmSuperVerse (SUPER) $ 0.681874
  • blurBlur (BLUR) $ 0.176788
  • kusamaKusama (KSM) $ 20.04
  • curve-dao-tokenCurve DAO (CRV) $ 0.252442
  • altlayerAltLayer (ALT) $ 0.129713
  • dymensionDymension (DYM) $ 1.55
  • zilliqaZilliqa (ZIL) $ 0.015913
  • dashDash (DASH) $ 25.08
  • echelon-primeEchelon Prime (PRIME) $ 6.93
  • celoCelo (CELO) $ 0.533980
  • 0x0x Protocol (ZRX) $ 0.342104
  • ponkePONKE (PONKE) $ 0.533178

Avalanche (AVAX) Price Rises as Whales Accumulate

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Avalanche’s (AVAX) price hit a multi-month low following bearish market conditions, but this did not last long.

Increased bullish whale activity and improved market conditions substantiate the potential for recovery.

Avalanche Whales Attempt to Influence the Price

Avalanche’s price could be benefitting largely from the bullishness exhibited by the whales. These large wallet holders have been on an accumulation spree over the last two weeks.

Since whale addresses are some of the most important cohorts of investors, their move also influences the price action. Accumulation leads to a rise in price, whereas selling results in a drawdown.

During this time, the whale addresses acquired $139 million worth of AVAX in just one day. This buying spree indicates strong interest and confidence among large investors in the altcoin’s potential.

Avalanche (AVAX) Price Rises as Whales Accumulate

Avalanche Whale Activity. Source: IntoTheBlock

In addition to this substantial whale activity, AVAX’s correlation to Bitcoin remains strong, currently standing at 0.88. A high correlation often suggests that AVAX’s price movements will closely follow those of BTC.

Given Bitcoin’s recent recovery, AVAX’s strong correlation to BTC bodes well for its own recovery prospects. As Bitcoin continues to rise, it is likely that the altcoin will experience similar upward momentum.

Avalanche (AVAX) Price Rises as Whales Accumulate

Avalanche Correlation with Bitcoin. Source: IntoTheBlock

AVAX Price Prediction: Rise in Sights

Avalanche’s price trading at $29.61 is closing in on the critical resistance level at $31.15. This price has tested as a crucial support level multiple times in the past and flipping it into support again is the target.

Given that AVAX has already bounced back from a seven-month low of $24.40, there is a good chance it could breach $31 as well.

Avalanche (AVAX) Price Rises as Whales Accumulate

Avalanche Price Analysis. Source: TradingView

However, the market’s volatility cannot be ruled which keeps this recovery vulnerable. If the support at $24.40 is lost, the bullish thesis could be invalidated completely, leading to Avalanche’s price dropping to $20.

Source

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