AVAX Bulls Target Higher Prices as Whale Activity Grows Around $6.90 Liquidity Zone

• AVAX whales continue accumulating despite ongoing price consolidation near the pennant apex.
• Staking locks 43% of circulating supply, reducing available market supply.
• Bulls target the $6.90 liquidity zone as breakout pressure steadily builds.

Avalanche — AVAX, has entered another important phase after weeks of steady consolidation. Price movement may appear quiet, but on-chain activity tells a different story. Whale accumulation continues growing while staking locks away a large share of circulating tokens. Those developments suggest confidence remains strong among major investors. Traders now watch a critical resistance level that could determine whether AVAX begins another bullish expansion in the coming sessions.

Whale Accumulation and Staking Support the Bullish Case

Avalanche continues attracting attention from large investors. Recent on-chain data shows whales increasing exposure across both spot and futures markets. Those purchases continue despite the current sideways price action. Such behavior often reflects growing confidence before larger market moves. Many institutional traders prefer building positions before a breakout becomes obvious. Current activity suggests that strategy may already be unfolding.

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