Avalanche Pullback After Massive Rally — Token Unlock Raises Volatility Risk

I see AVAX pulling back about 3.95% to $23.59 after an extraordinary 468% weekly surge that was driven by institutional interest and network upgrades. The move looks like profit-taking and a reaction to an upcoming token unlock.

Technically, the drop is testing key support levels — this is a healthy consolidation after a parabolic run but raises the probability of increased volatility if large unlocked supply hits the market. Fundamentally, adoption and upgrades remain constructive, but unlocked tokens are a near-term supply risk.

I'll be watching price action around the identified support zones and on-chain flows; I prefer to wait for confirmation of sustained demand or consider buying on weakness closer to well-defined support with tight risk controls.