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Avalanche (AVAX) Falls ~5% to $23.11 as Token Unlock Risks Clash with Institutional and ETF Optimism

I see Avalanche (AVAX) trading at $23.11 after a 4.97% intraday decline, with the token now testing critical support levels as market participants parse near-term supply dynamics and demand catalysts.

I'm watching how the upcoming token unlock is being balanced against a wave of institutional investment and growing ETF optimism, which together are creating mixed pressure on AVAX's price and volatility.

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AI Analysis

The recent 4.97% pullback in AVAX to $23.11 suggests short-term selling pressure that is pushing price toward established support zones. Pullbacks of this magnitude often reflect profit-taking or anti...

AI Recommendation

Given the mixed signals, my recommendation is to watch AVAX closely rather than make an immediate directional bet. Monitor whether price holds the identified support around current levels and look for...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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