AVAX Pullback After 468% Rally — Token Unlock Raises Caution
I see AVAX pull back about 4% to $23.59 after a staggering 468% weekly rally, now probing key support levels. The recent run was fueled by institutional interest and network upgrades, but looming token unlocks increase near-term selling pressure.
I remain cautious: I want to see support hold with stabilizing volume before adding exposure. If support confirms, I would consider buying on weakness with strict risk management; otherwise I’ll stay on the sidelines.
Analysis
Recommendation
Watch and wait for support to hold; consider buying on weakness only if price and volume confirm stabilization, and keep position sizes conservative to manage unlock-driven volatility.
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.