AVAX Market Outlook Faces Key Support Test

Nearly 300,000 AVAX reportedly moved OTC before entering staking, limiting immediate supply returning to open markets. A separate 649,998 AVAX deposit reached Coinbase Prime, though the transfer alone does not confirm selling intent. Technical momentum remains cautious, with $6.40 support and $6.55-$6.60 resistance defining the immediate trading range. AVAX market outlook remains cautious as institutional wallet activity meets weakeni…