Avalanche Price Falls Amidst Broad Altcoin Weakness, Whale Accumulation Offers Counter-Signal

Avalanche (AVAX) price fell 2.39% to $6.34 over 24 hours, making it one of the weakest major cryptocurrencies in the market.

The decline comes amidst broad altcoin weakness, with 18 out of the 20 largest cryptocurrencies trading lower.

However, a counter-signal emerges from whale accumulation and Avalanche RWA activity, which may indicate that large holders are building positions as the market tests support.

A key technical test lies between $6.25 and $6.32, with the lower boundary matching the 78.6% Fibonacci retracement. Holding this area could allow AVAX to retest $6.46, near the 38.2% resistance level.