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Can AVAX hold the $25 support? Insights from key indicators

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AVAX tests crucial $25.5 support. Will it collapse or rebound? Explore key market trends and on-chain metrics now.

has finally broken over its January low at $27.3, with the altcoin currently testing a critical support level at $25.5.

AVAX witnessed a 3% surge in the last 24 hours. This significant surge has raised concerns about the possibility of a more severe collapse or a potential reversal.On the charts, the stochastic RSI indicated an oversold zone. This is a sign that the level could be a critical longing point, which could form the basis for a price reversal.What tale do the metrics tell?

The concentration by major holders is 71%, indicating significant whale activity that may have a significant impact on price changes. It indicates that there has been heightened interest and activity among the traders. The number of stable coins held by the top holder also indicated an uptrend.

 

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