AVAX Leads the Daily Crypto Gainers with Sharp Price Action
Avalanche (AVAX) recorded a strong 16.2% surge over the last 24 hours, outperforming most major cryptocurrencies and showing signs of renewed investor interest.
The price rally pushed AVAX above the $27 mark, closing in on key resistance levels last tested in early Q2 2025. The surge came amid a broader rally across the crypto market, with risk sentiment improving across both digital and traditional assets.
AVAX Price Technicals Signal Bullish Breakout
The AVAX chart recently completed a clean breakout from a descending trendline, which had capped price action since late May. Trading volume spiked by over 140%, suggesting the move is supported by strong momentum.
Key resistance now sits around $30, while support is forming near $23, confirming a new potential trading range. A breakout above $30 could trigger a run toward the psychological $35 mark.
On-Chain Data Supports Uptrend
Avalanche’s rally is backed by growing on-chain activity, including a spike in daily transactions and smart contract usage. In recent weeks, the network processed over 20 million daily transactions, highlighting rising demand for decentralized finance (DeFi) and gaming applications.
Institutional flows into Avalanche-linked products also increased, suggesting confidence in the chain’s long-term scalability.
Macro Environment Boosts Risk Assets Including AVAX
The rally in AVAX comes as part of a wider risk-on trend following a new U.S.–EU trade agreement, which lifted both global equities and digital asset markets. This improved macro backdrop has led investors to rotate into high-utility altcoins like AVAX.
The return of macro and technical alignment positions Avalanche as one of the leading assets in the current rally.
What’s Next for Avalanche (AVAX)?
If momentum continues and AVAX breaks through $30 resistance, bulls may eye the $32–$35 range next. However, a failure to hold above $23 could invite downside pressure, particularly if broader market sentiment turns.
With rising network use, technical confirmation, and macro tailwinds, Avalanche is now among the top altcoins to watch in the coming weeks.
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.