AVAX Pullback After Massive Rally — Watch for Token Unlock Pressure
I note AVAX has slipped about 3.95% to $23.59 and is testing key support after this week's extraordinary 468% rally driven by institutional adoption and network upgrades.
The looming token unlock is adding selling pressure and raises the risk of short-term volatility; momentum may pause or see a pullback until the additional supply is absorbed.
I will watch volume, on‑chain flows and how price holds current support — I won’t chase the rally and prefer to wait for a confirmed bounce or a lower-risk entry.
Analysis
Recommendation
Watch the chart and on‑chain metrics closely; avoid buying into the rally now and wait for confirmation of support or a measured dip before deploying new capital.
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.