Token

Avalanche

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-eye-avalanche-token-unlock-event" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Eye Avalanche Token Unlock Event</a><br></p>
<p style="text-align: justify">In the cryptocurrency market, one critical data point that <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> closely follow is token unlock events. According to the Token Unlocks platform, $209.83 million worth of tokens will be unlocked over the next seven days. Among these, the highly anticipated event involves <a href="https://en.bitcoinhaber.net/altcoin-avalanche-avax-signals-a-potential-rally-with-whale-activity-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a>’s native token, AVAX, set for release tomorrow.</p>
<h2 id="significance-of-the-avalanche-token-unlock">Significance of the Avalanche Token Unlock</h2>
<p style="text-align: justify">Token Unlocks, a platform dedicated to tracking token unlock events, reports that $209.87 million worth of tokens will be unlocked next week. One of the most notable events is the token unlock for AVAX, the native token of the Layer-1 ecosystem Avalanche.</p>
<p style="text-align: justify">Scheduled for tomorrow at 03:00, this event will release 2.41% of the total AVAX token supply, valued at $196.27 million. Investors are watching this event closely, and currently, AVAX is trading at $20.57. This release is among the most eagerly awaited token unlocks in recent memory.</p>
<h2 id="avax-price-trends-and-analysis">AVAX Price Trends and Analysis</h2>
<p style="text-align: justify">The daily chart for AVAX reveals a downward trajectory since mid-March, declining from a peak of $64. This drop has raised concerns among investors. The resistance trend line observed during the July rise has led to a loss of momentum in AVAX’s price.</p>
<p style="text-align: justify"><strong>Key Levels to Watch</strong></p>
<p style="text-align: justify">The critical support level on the AVAX chart is $19.51, an important benchmark in recent weeks. A daily close below this level could trigger another loss in momentum. On the upside, $23.97 is the crucial resistance level. A daily close above this point would be significant for breaking the resistance at $26.</p>
<ul>
 <li>Investors should monitor the $19.51 support level for potential price drops.</li>
 <li>A daily close above $23.97 could signal a trend reversal.</li>
 <li>The release of 2.41% of the total AVAX supply may impact market dynamics.</li>
</ul>
<p style="text-align: justify"><strong>Conclusion</strong></p>
<p style="text-align: justify">As the Avalanche token unlock event approaches, investors are keeping a close watch on market movements. The event’s outcome could have significant implications for AVAX’s <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> price trends, depending on the support and resistance levels breached.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-eye-avalanche-token-unlock-event" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Eye Avalanche Token Unlock Event</a></h5>

Investors Eye Avalanche Token Unlock Event

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