According to Lookonchain, a savvy trader has been actively acquiring $AVA tokens, totaling 2.17 million units valued at approximately $333,000 over the past week. The acquisition strategy appears to be yielding positive results, as the trader is currently sitting on an unrealized profit of $120,000. The latest purchase was executed just 9 hours ago, indicating a consistent buying pattern. The specific address associated with these transactions has been linked to a series of strategic buys, as disclosed by Lookonchain on January 8, 2025.

The buying activity observed over the last week showcases a significant interest in $AVA, with the trader's actions potentially influencing market sentiment. Analyzing the trading volumes on major exchanges, there has been a noticeable uptick coinciding with the purchases, suggesting that this trader's actions might be contributing to liquidity shifts. The $AVA market has seen average daily volumes increase by 15% in the same period, according to data from CoinMarketCap. This increase in volume could hint at either a broader accumulation trend or speculative interest driven by the trader's movements.

Technical indicators reveal that $AVA's Relative Strength Index (RSI) has shifted from a neutral 50 to a bullish 65 over the last seven days, confirming upward momentum. Furthermore, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, reinforcing the positive trend. The recent price actions, coupled with these indicators, suggest a strong bullish sentiment in the short term. On-chain metrics further support this view, with active addresses and transaction counts both exhibiting a 20% rise over the week, as per Glassnode's on-chain data. These metrics point to heightened network activity, potentially driven by both speculative traders and long-term investors responding to the observed market trends.