AVAX capitulation

After a massive whale moved 2 million AVAX to coinbase the token started to sell off harshly alongside already weak sentiment. With BTC weak altcoins fell right through the floor. I did update a more reliable weekly demand zone which AVAX rapidly approaches. This is just below the long-term red fib I drew a long time ago. AVAX is one of my largest holding and I have several hundred tokens with some staked. I still think we see over 115$ this cycle, a more bullish projection is 260$ at the peak.