AVAX Shows Short-Term Bounce as Large Whale Transfers Raise Selling Risk

Technical signals point to a move above $7.00 if resistance is cleared but large on-chain transfers to exchanges threaten near-term downside.

Overview

AVAX is trading near $6.49 with a market capitalization around $2.8 billion and roughly $177 million in 24-hour volume.
Traders have flagged a short-term double-bottom and a bullish divergence on the 4-hour chart that would target $7.00 if price breaks above the $6.65–$6.80 resistance band.
On-chain tracker Nazoku reported that whale Oxadd deposited more than $1.1 million of AVAX to Coinbase and a North America-based holder unstaked about 3 million AVAX and moved it to a new wallet, creating fresh supply pressure.
Avalanche’s tokenized real-world-asset value rose to $2.1 billion, a 60.47% increase over 30 days, while Bridgetower tokenized over $11 billion in assets on the chain and BlackRock’s BUIDL fund topped $900 million.
The near-term outlook will hinge on whether buyers absorb incoming whale supply with support at $6.35–$6.40 holding and a confirmed break above $6.80 needed for bullish follow-through, otherwise a drop below $6.35 would undermine the recovery case.