Key Insights :
- Avalanche (AVAX) price broke above a descending trendline.
- The number of unique addresses rose to about 45.4M while the active address count reached slightly above 600K.
- The DeFi activity on AVAX showed contradictory patterns between multiple metrics.
AVAX price prediction hints at a possible bullish shift. The price is moving toward the retest zone, a crucial level for its next move. If it holds above this zone, momentum could strengthen. A breakdown, however, may signal further downside.
AVAX Price Prediction
Avalanche touched the crucial support zone between $20.3 and $21.0, reaching $21.13. The price band served as a purchase barrier that sustained the levels higher than the descending channel’s former upper boundary.
The green support region could help bulls push the AVAX price higher. If upward pressure holds, the next resistance cluster sits between $25.5 and $28.5.
The previous supply blocks, which were rejection ranges, were highlighted by their red intensity of color. Breaking past $28.5 could trigger further price expansion toward $34.5–$38.5.
However, market indecision is evident, with red weekly candlesticks and rejection wicks signaling uncertainty.
The breakout becomes risky, and the price may return downward if sellers take control to push the AVAX price below $20.0. A probable bearish continuation will aim for $18.0, followed by $15.0 before reaching the primary support levels near $11.00–$12.00.
The market activity through volume displayed light buyer interest but lacked dominant bullish criteria. Analysis of the chart indicated that Avalanche maintained a neutral market condition.
The price area remained between strong accumulation bids and multiple existing sell orders from traders. If AVAX price holds above $23.0, bullish momentum could strengthen.
However, extended movement below $20.0 might trigger a deeper decline. This could revive the bearish sentiment and push the token toward lower support levels.
AVAX Active and Unique Addresses
AVAX grew its user base by increasing its total number of unique addresses to about 45.4 million. The active address count reached slightly above 600K as daily users exceeded their previous range.
The rise in user interactions indicates increased participation in the Avalanche ecosystem. Various addresses indicated parabolic growth, which dovetailed with the sustained growth in active addresses in March and April.
Numerous users showed increasing interest in DeFi services, non-fungible tokens, and other decentralized applications hosted on Avalanche.
The rapid rise in AVAX’s performance could position it as one of the top L1 chains. This could further boost developer and liquidity interest in the platform.
Development on the Avalanche platform alone may not significantly impact AVAX price unless it creates tangible value. For sustained price growth, real-world adoption and measurable ecosystem contributions are essential.
Avalanche Chain Activities
In the last 24 hours, the DEX activity reached $141.59 million and touched the daily high of $145.91 million. Stablecoin’s market cap decreased by 1.21% in the last 7 days, reaching $1.704 billion. This indicated users had less confidence in liquidity.
The fees paid to Stargate Finance amounted to $316, while overall daily fees reached only $210,153, indicating average market activity.
App revenue reached about $57K, and both chain fees and revenue amounted to about $8K. AVAX also maintained a $1.29 billion, which did not fluctuate in a day.
The volume on Perpetuals reached $116.12 million with inflows amounting to $30.2 million. The past-day address count reached 36,419, highlighting a positive sign for network usage.
Flatleckp’s valuation was constrained as its market cap stood at $8.802 billion. Meanwhile, its floating supply was higher at $9.576 billion, limiting its growth potential. The continued growth of DEX and perps activities could push the price back to $23.
Alternatively, AVAX value may drop to $20 if stablecoin withdrawals continue and revenue increases remain weak. Low liquidity and on-chain activity between users could establish the short-term path for AVAX.