The post AVAX “Oversold” Signal Fails: Why Investors Are Dumping It for Digitap ($TAP) appeared on BitcoinEthereumNews.com.

Avalanche (AVAX) was supposed to be the comeback play of November. But instead, it became the chart everyone is running from. The “oversold” signal flashed at RSI under 30, yet it lost its long-held support of $16. That’s why investors are dumping it and piling into Digitap ($TAP) instead. One reason is that Digitap is the only project showing solid strength in a market that’s losing altitude fast. And the market turnaround isn’t a hidden secret. On-chain data shows whale wallets are loading up fast. And thanks to these whales, the Digitap crypto presale has already crossed $2 million in just over a month, making it the best crypto to buy in November. “Oversold” AVAX Slips Toward $9 as Whales Rotate to Crypto Presales Avalanche seems to be losing strength fast. The AVAX token just slipped below its long-held $16 support level. And that’s a line that held firm through multiple market shocks earlier this year. This time, it didn’t stand a chance. AVAX fell from $15.14 to $13.21 in a single week. And with that, Avalanche bled nearly 18% and triggered a 1-day RSI of 26.80. AVAX Price Chart Showing a Loss of $16 Support | Source: TradingView AVAX is now deep in oversold territory. But instead of bouncing, the AVAX price keeps sinking. Even Ali Martinez warned on X that losing $16 could open the door to a move toward $9. And that’s exactly what spooked traders. When an oversold signal fails, sentiment collapses fast. Suddenly, “cheap” doesn’t look like an opportunity but like a trap. And that’s why wallets that once rotated into dips are now rotating out entirely. Whales have started dumping AVAX for early crypto presale before the bulls return to the market. As expected, most smart investors are now searching for the best crypto…

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Filed under: News - @ November 23, 2025 12:08 pm