The AVAX cryptocurrency price has dropped to its November 2024 lows, erasing all gains made in Q4. However, indicators like the relative strength index and money flow indicator are rising, similar to the early stages of the November rally. Analysts are optimistic about AVAX's potential for a rally, with some predicting a price above $59. However, whale activity has been selling in the past three days, unlike during the November rally. This suggests there is a possibility of more downside or weak demand. Long-term holders are starting to accumulate AVAX, while trader balances have declined, indicating a shift to a longer-term approach. The cruiser class of holders also demonstrated activity, with higher balances than at the start of November.



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