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Avalanche nears breakout as $204.77M AVAX staked and whales increase exposure ahead of $6.90 resistance.

Technical Signals
30 Jul 2026
AMBCrypto
View Source
Bullish
pluang ai news

Avalanche (AVAX) is showing signs of a potential bullish breakout as nearly $204.77 million worth of AVAX, about 43% of its circulating supply, is currently staked, reducing token availability for trading. Large investors, or whales, are increasing their positions in both spot and futures markets without waiting for a confirmed price breakout, signaling strong confidence. The price is consolidating near a key pennant pattern apex at $6.46, with the next major resistance and liquidity cluster around $6.90, suggesting that if momentum continues, a breakout could be imminent. This combination of reduced supply and rising whale activity points to a strategic bullish move in the near term.

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