Positive move from whale Avalanche

Avalanche's price may be benefiting greatly from whale optimism. These large wallet holders have been actively buying in the past two weeks. Since whale addresses are one of the most important groups of investors, their actions also influence price movements. Accumulation leads to price increases, while selling leads to price decreases.

During this time, whale addresses bought 139 million USD of AVAX in just one day. This buying spree shows the strong interest and confidence of major investors in the potential of this Altcoin.

Avalanche's price is trading at $29.61, approaching a key resistance level at $31.15. This price level has been tested as key support many times in the past, and turning it into support again is the goal. With AVAX having recovered from its 7-month low of $24.40, there is a good chance it could break above $31 as well.