AVAX Price Soars on Whale Accumulation and Technical Breakout Setup

AVAX, the native cryptocurrency of the Harmony protocol, has been experiencing significant price fluctuations in recent times. According to a technical analysis, the current trend could be setting up for a major breakout, with the potential price target reaching $11.

The analysis suggests that large-scale investors, also known as whales, are accumulating AVAX, which is contributing to the rising demand and subsequently driving up the price. This accumulation has created a setup that could lead to a significant price increase if the market momentum continues.