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AVAX is forming a clear bullish pattern on the chart and could rally soon.

Avalanche (AVAX) has faced relentless selling pressure since mid-December, with its price plummeting over 60% and erasing all the gains from its impressive November 2024 rally. This sharp decline has left investors on edge, fueling fear and uncertainty as Avalanche mirrors the bearish trends seen across the broader crypto market.

Bitcoin bears are finding it difficult to pin the price below $95,000, indicating solid demand at lower levels.

The dynamic realm of cryptocurrencies is preparing for yet another alarming event that could bring considerable downside pressure to BERA, SEI, AVAX, APT, SAND, STRK, ATH, and XCN tokens. Notably, recent market data flags that the abovementioned assets are preparing for massive token unlocks totaling a staggering $325 million.

Avalanche (AVAX) has been a significant player in the blockchain ecosystem, offering fast and scalable solutions for decentralized applications (dApps). With its growing adoption, AVAX has been on many investors' radar, especially when it comes to its long-term price potential.

The crypto market has shown limited favorability to bulls over the past week. However, certain altcoins continue to register gains driven by external developments.

With Bitcoin and altcoins aiming for a comeback week, Avalanche nears a trendline breakout. Will the short-term recovery propel altcoin above the local supply line and hit the $30 mark?

Avalanche's native cryptocurrency, AVAX, is at a crucial point in the market, testing a critical support level at $25. Investors are closely watching this price point to determine whether AVAX will rebound or face further declines.

The price of Avalanche (AVAX) had dropped to the bottom of the chart but has recovered.

AVAX tested a key $25 support level as whale transactions surged following the first AI-focused layer 1 launch by Kite AI.

Kite AI, the decentralized AI infrastructure provider, announced on Feb 6, its first AI-focused Layer 1 sovereign Blockchain built on Avalanche, the Blockchain platform. Currently launched in its testnet stage, it made its public testnet live on its platform, Kite AI.

Virtune, a Swedish crypto asset manager, has launched new exchange-traded products (ETPs) in Finland, giving investors easy access to Avalanche (AVAX) and Cardano (ADA). Virtune CEO Christopher Kock described the new products as timely, pointing at the growing demand.

Stellar (XLM) has recorded significant investor interest within the last 24 hours, and the asset looks set to take on AVAX. According to CoinMarketCap data, the trading volume of XLM has soared by 24% within the time under consideration.

Kite AI has launched the first AI-focused Layer 1 blockchain on Avalanche, creating a decentralized environment for AI models, tools, and data.

Avalanche provides a scalable and transparent foundation for AI applications, which may bolster institutional AI adoption.

Launched the testnet dedicated to those who want to develop decentralized dApp based on artificial intelligence.

Avalanche (AVAX) has been struggling as it drops below the $27 mark, continuing its downward trajectory. Analysts are predicting a potential crash toward the $20 range, as the bearish pressure surrounding the token intensifies.

Virtune Avalanche ETP and Virtune Staked Cardano ETP will now be accessible to both institutional and retail investors on Nasdaq Helsinki through banks. The post Swedish Crypto ETP Issuer Virtune Lists Avalanche, Cardano ETPs on Nasdaq Helsinki appeared first on Cryptonews.

Swedish crypto asset manager Virtune is now giving investors in Finland exposure to Avalanche and Cardano via its newly launched crypto ETP products.

However, the growing bear action in the broader market has continued to impact altcoins like Ethereum (ETH), XRP, SUI, and Avalanche (AVAX) in different measures. As of writing, the combined crypto market cap is down 1.56% to $3.16 trillion, proving that headwinds remain.

Avalanche faces bearish pressure after breaking a symmetrical triangle.

Avalanche (AVAX) price has been in a downtrend for the last two months, currently trading at $27. The altcoin has lost key support floors, which has caused whale investors to lose patience.

Despite the recent market crash, will Avalanche price bounce back within a falling channel for a breakout rally? Or is a downfall to the $20 mark inevitable?

Cryptocurrency analysts of Coinidol.com report, the price of Avalanche (AVAX) is falling below the moving average lines.