AVAX Price Prediction: $12 Target by July as Smart Money Accumulates Near Multi-Year Lows
The post AVAX Price Prediction: $12 Target by July as Smart Money Accumulates Near Multi-Year Lows appeared on BitcoinEthereumNews.com. James Ding May 31, 2026 07:25 AVAX sits at $8.99, dangerously close to its 2026 lows, but whale positioning data shows 69% long bias among top traders. With momentum flatlining and key support at $8.79, expect a violent move wi… Market Context: Why AVAX is Moving Now AVAX has been grinding sideways in a brutal 72.8% drawdown from its November 2021 peak of $147.50, but the current $8.99 price action tells a different story than the surface suggests. Trading in a tight $8.88-$9.08 range over the past 24 hours, Avalanche is displaying classic accumulation characteristics that seasoned traders recognize as institutional positioning. When assets trade this close to multi-year support levels, major moves often follow. AVAX is exhibiting textbook setup conditions with derivatives data showing heavy smart money positioning despite the sideway