Avalanche Pullback After 468% Rally — Watch for Token Unlock Pressure
I'm cautious after AVAX dipped about 4% to $23.59 despite an extraordinary 468% weekly rally driven by institutional adoption and network upgrades.
I'm watching price test key support levels because a looming token unlock could increase selling pressure and trigger short-term volatility; I prefer to wait for clearer confirmation or a controlled pullback before adding exposure.
Analysis
Recommendation
Watch the market: avoid chasing strength, consider buying on weakness after a confirmed support test, or stay sidelined until volatility eases; use disciplined position sizing and stop losses.
Disclaimer
The 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.