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AVAX Price Faces Key Support Test Amid Institutional Activity

Guavy AI Editorial Team Published August 9, 2026

Instruments

AVAX

AVAX price is facing a key support test as institutional wallet activity meets weakening momentum in the market.

Nearly 300,000 AVAX moved OTC before entering staking, limiting immediate supply returning to open markets.

A separate 649,998 AVAX deposit reached Coinbase Prime, though the transfer alone does not confirm selling intent.

The technical structure remains cautious, with $6.40 support and $6.55-$6.60 resistance defining the immediate trading range.

The Wire

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