$AVAX

Dear Binance Friends . Here’s an update on Avalanche (AVAX) as of late June 17, 2025:

🚀 AVAX Market Snapshot

Current Price: ~$18.95

24 h Change: –3.95% | Range: $18.87 – $19.95

AVAX dropped ~13% mid-week on geopolitical tension, bounced from $18.57–$18.70 support .

🔥 Key Drivers & On‑Chain Momentum

📈 Institutional & On‑Chain Surge

Daily active addresses on the C‑Chain have surged past 100,000, reaching levels unseen since 2021—hinting at fresh usage & underlying demand .

21Shares launched a physically backed AVAX ETP with staking yield—institutional flows are gaining momentum .

📊 Technical Patterns

Accumulation zone confirmed: $18.50–$19; bounce off this area signals buyer interest .

Formation of a triangle/pennant, and rising volume suggest a potential breakout .

Mixed indicators: MACD & RSI neutral; strong support but short-term momentum favors buyers above $19.50 .

🎯 Trader Playbook

📌 Entry Strategies

Dip buy around $18.60–$18.80 (stop below $18.50)

Breakout entry on move above $19.50 with volume

📈 Target Levels

1. Short-term: $21–$22 pivot zone (week highs)

2. Mid-term: $24.80 breakout target

3. Stretch: $27 targeting VanEck/Web3 fund rally

🛑 Risk Management

Pullback under $18.50 invalidates accumulation thesis

Broader macro/crypto market weakness could pressure AVAX further

✅ Summary & Outlook

AVAX is establishing a solid accumulation base backed by on-chain usage and institutional flows like staking ETPs. Technical consolidation and pattern formation set the stage for a breakout into the $21–$25 zone. Traders should monitor volume above $19.50–$20 to confirm momentum. Bounce levels offer low-risk entries, but close stops are essential given market volatility.

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