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Avalanche (AVAX) Price Reversal: Key Factors to Watch

Avalanche's AVAX has lost 29% in a week, but several factors suggest a potential price reversal. Whale activity, growing addresses, and declining supply could trigger a bullish momentum shift.

Key Highlights:

1. Growing Addresses: Active Addresses (AA) and New Addresses (NA) have surged, indicating increased market interest and adoption.
2. Whale Accumulation: Large holders are accumulating AVAX, with addresses holding between $1 million and $10 million growing by 24.08% in the past week.
3. Declining Supply: Exchange net outflows have dropped significantly, with $69.21 million worth of AVAX withdrawn from exchanges in the past week.
4. Positive Funding Rate: The Open Interest Weighted Funding Rate has returned to positive territory, signaling sophisticated traders are positioning for a potential rally.

If market sentiment shifts decisively toward bullish momentum, AVAX could experience a substantial price surge, recovering from its weeks-long decline.

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