Approximately $204.77 million worth of AVAX is currently staked, accounting for around 43% of the token’s circulating supply. Avalanche whales are continuing to accumulate orders across both spot and futures markets, signaling a bullish strategy ahead of any confirmed breakout. AVAX was trading at $6.46 at press time, at the apex of a pennant pattern it has been consolidating since late June. A liquidity pool exceeding $1 million is clustered around the $6.90 resistance level, making this price a major target for bulls if bullish momentum persists.
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