Investment
Features
FeesSafety
Academy
More
Pluang+

AVAX drops 14% amid strong whale activity but heavy short selling pressures price lower.

Market News
06 Jun 2026
AMBCrypto
View Source
Bearish
AVAX drops 14% amid strong whale activity but heavy short selling pressures price lower.

AVAX fell 14% in 24 hours despite increased whale activity, breaking key support at $8.05. Over 70% of traders hold short positions, signaling bearish sentiment and expectations of further decline. Total Open Interest has dropped, indicating reduced trader conviction and participation. Without renewed buying momentum, AVAX may continue its downtrend as bears dominate the market.

More News (AVAX)

Avalanche price jumps 17% ahead of Helicon upgrade, boosted by staking changes and strong trading.

Avalanche price jumps 17% ahead of Helicon upgrade, boosted by staking changes and strong trading.

Avalanche (AVAX) surged nearly 17% to $11.23 driven by anticipation of the Helicon upgrade, which will reduce staking unlock times to 48 hours, making staking more attractive to investors. Trading volume also rose nearly 30%, signaling increased mark...

Technical Signals
Bullish
4 hours ago
STONK surges 48% on new altcoin integrations, buybacks, and token burns, hitting a fresh all-time high.

STONK surges 48% on new altcoin integrations, buybacks, and token burns, hitting a fresh all-time high.

StonkFun's token STONK surged over 48% in 24 hours, reaching a new all-time high of $0.36 due to increased activity on its launchpad. The platform integrated major altcoins like AAVE, AVAX, and NEAR, boosting revenue to a record $19.10 million, which...

Protocol Fundamentals
Bullish
5 hours ago
Altcoins like Solana, Ethereum, SUI, Avalanche, and Dogecoin rally as Bitcoin stabilizes, signaling rising crypto risk appetite.

Altcoins like Solana, Ethereum, SUI, Avalanche, and Dogecoin rally as Bitcoin stabilizes, signaling rising crypto risk appetite.

Bitcoin's recovery is boosting the broader crypto market, with altcoins such as Solana, Ethereum, SUI, Avalanche, and Dogecoin showing strong gains. SUI is nearing the key $1 level, Solana is testing resistance near $120, and Ethereum is pushing towa...

Technical Signals
Bullish
9 hours ago
Avalanche (AVAX) breaks above $10, eyeing $11 resistance amid strong volume surge.

Avalanche (AVAX) breaks above $10, eyeing $11 resistance amid strong volume surge.

Avalanche (AVAX) has surged past the $10 mark after breaking out from a consolidation range between $7.00 and $8.20, supported by a sharp increase in trading volume. The price climbed to around $10.27, clearing multiple resistance levels and reclaimi...

Technical Signals
Bullish
23 hours ago
Avalanche price jumps 18% on tokenized fund launch, payments integration, and staking upgrade

Avalanche price jumps 18% on tokenized fund launch, payments integration, and staking upgrade

Avalanche's AVAX price rose 18% due to three key events: New York Life Investment Management launched its first tokenized high-yield bond fund on Avalanche, Paxos added AVAX to its regulated payment services, and a network upgrade on September 22 wil...

Market News
Bullish
23 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App