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US Government Moves Avalanche (AVAX), Price Takes a Dip
ByAinvest
Saturday, Mar 15, 2025 10:43 am ET1min read
The US government has moved 5,500 Avalanche (AVAX) coins from a wallet labeled "U.S. Government: Brian Krewson Confiscated Funds" to another address, indicating a correction in price from a recent pump. AVAX has been down by 0.27% in the last 24 hours and is trading at $18.60. The technical chart shows a downward trend inside a defined channel in the past few months, with the Money Flow Index (MFI) at 41.78, indicating a stabilized market. Analysts predict a possible reversal of the previous downward trend with a breakout from the $19 price level, potentially leading to upward movement in AVAX's price.
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