Avalanche (AVAX), a cryptocurrency dubbed an "Ethereum killer" in 2021, has recently experienced significant price movements. After reaching historical highs, AVAX fell below $30, prompting concerns about its future. In this article, we will analyze the current state of AVAX, its price prediction, and the growth of unique addresses holding the cryptocurrency.

AVAX Price Prediction and Outlook

The cryptocurrency market has been experiencing a decline since the interest rate decision period, with Bitcoin's price dropping from $70,000 to $64,000. AVAX has also been affected, experiencing a 28% decline and falling below the critical support level of $25. However, the price has since bounced back, rising by 6% to $26.50. The Relative Strength Index (RSI) value has also fallen to 28, indicating an oversold condition in the market.

The current price movement indicates a bearish scenario, with AVAX trading below all major technical analysis indicators on the daily timeframe. However, the $25 level serves as critical support for AVAX, and investors are eyeing the $25-27 range as a buying opportunity.

Current Status of AVAX Addresses

The number of unique addresses holding AVAX is growing daily, despite the bearish market. The number of addresses increased from 41,316 on June 3 to 22,060 from June 10 to June 17. This growth indicates a strong interest in the cryptocurrency and its network.

In conclusion, AVAX has experienced significant price movements, falling below $30 but bouncing back to $26.50. The growth of unique addresses holding AVAX indicates a strong interest in the cryptocurrency, despite the bearish market. Investors should conduct their own research and be aware that cryptocurrencies carry high volatility and risk.