AVAX Price Nears $8.72 Support, Smart Money Accumulation Triggers Talk of Deep Discount Buying Zone

Avalanche (AVAX) is poised for a key technical level, with its price approaching the $8.72 support zone. This move has traders and analysts alike tracking potential smart money accumulation at this crucial point as the token navigates the bear market. Analysts attribute this rise to expanding decentralized finance (DeFi) applications and growing institutional interest. The chart suggests a deep discount buying zone where investors believe the price will stabilize.