AVAX Price Rises Steadily Over 24 Hours
Avalanche (AVAX) has posted a solid performance in the past 24 hours, with its price rising by approximately 4%. As of the latest market data, AVAX is trading near $25.40, up from its daily low of $24.70. The 24-hour high touched $25.77, reflecting a bullish push supported by increased trading volume.
This marks a continuation of AVAX’s recent strength amid broader gains in the crypto market.
Trading Volume and Market Cap Indicate Strong Activity
Over the last day, AVAX’s trading volume reached nearly $900 million, signaling heightened market participation. The market capitalization stands just under $11 billion, positioning Avalanche firmly among the top Layer 1 blockchain tokens by value.
This increase in trading activity suggests renewed investor interest, particularly as Avalanche continues to expand its DeFi and gaming ecosystem.
Technical Overview and Market Sentiment
The technical setup for AVAX remains favorable. Price action is showing a clear uptrend, with buyers defending the $24.50 support zone. Short-term indicators such as RSI (Relative Strength Index) remain in neutral territory, providing room for further upside without signaling overbought conditions.
The 24-hour chart structure shows higher lows and sustained volume, supporting the short-term bullish case.
At the same time, sentiment around AVAX has been improving, fueled by increased adoption of its subnet architecture and the growth of native dApps.
AVAX Ecosystem Updates Driving Momentum
Avalanche continues to benefit from its scalable Layer 1 infrastructure, attracting new developers and projects. Recent integrations with institutional partners and Web3 platforms have added to the long-term utility narrative for the token.
This sustained ecosystem growth is helping to stabilize AVAX’s value and drive renewed capital inflows.
As more activity shifts toward Avalanche-based platforms, the token stands to benefit from higher network usage, fee generation, and validator incentives.
Final Thoughts
In summary, AVAX has recorded a solid 24-hour performance with a 4% price gain, supported by strong trading volume and growing market confidence. With a price range of $24.70 to $25.77, AVAX shows resilience and upward momentum, making it a key token to watch in the short term.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.