AVAX was among the top 10 cryptos in terms of trading volume among the top 500 BSC whales. Performance on the price and metrics front remained promising over the last week. Avalanche [AVAX] became popular among whales once more. As per WhaleStats, a Twitter account that posts updates regarding whale activity, it was recently revealed […]
’s favor throughout the week, things might take a U-turn soon, as suggested by a few market indicators. CryptoQuant’s data revealed that AVAX’s Relative Strength Index was in an overbought position, which is a major bearish signal.
The Money Flow Index also followed the RSI and was resting in the overbought zone. AVAX’s Chaikin Money Flow registered a downtick and was headed toward the neutral mark. Moreover, the MACD displayed the possibility of a bearish crossover soon, further suggesting a price decline in the coming days. Nonetheless, the Exponential Moving Average Ribbon was still bullish as the 20-day EMA was above the 55-day EMA.Subscribe to get it daily in your inbox.
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