❣️❣️Avalanche (AVAX)❣️❣️

AVAX has dropped approximately −15–17%, reflecting broad bearish sentiment in the crypto market.

Support zone around $20–22: AVAX made several rebound attempts in this range in June, but resistance remains strong.

Moving Averages: CoinMarketCap data shows AVAX trading below its 7‑, 20‑, 50‑, and 100‑day MAs, signaling continued downside/outlook weakness.

Inventory & Trading Trends:

Market cap: ~$8 billion, circulating supply ~422 M AVAX.

Daily trading volume: roughly $350–400 million, indicating solid liquidity.

Despite bearish pricing, AVAX remains a top-tier Layer-1 smart contract blockchain, battling for market share with Ethereum alternatives

Key Risks:

Broader crypto downturns impacting sentiment and capital flow.

Allocation shifts from Ethereum Layer-1s to emerging L2s and AI-related infrastructure tokens.

On-chain inflation continuing to increase supply.

Potential Catalysts:

Avalanche ecosystem growth and new high-profile partnerships.

Regained support above the $22–25 range.

Positive shifts in sentiment across global crypto markets.

In the last six months, AVAX has experienced a significant decline and is currently trading well below key moving averages and critical support levels. Although short-term signals lean bearish, upcoming bullish factors like ecosystem expansion or a wider crypto upturn could catalyze a recovery. Without such catalysts, price likely remains rangebound or under downward pressure.

$AVAX #SparkBinanceHODLerAirdrop

Which price do you think Avax will reach at the end of 2025?