#BinanceTurns8 $AVAX

Here’s a quick and concise analysis of Avalanche (AVAX) as of July 2025:

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🔹 Quick Overview:

Token: AVAX

Current Price: Ranges between $26 – $30 (depending on the market)

Market Rank: Among the top 20 cryptocurrencies by market capitalization

All-Time High: Around $146 (November 2021)

Max Supply: 720 million AVAX

Circulating Supply: ~370 million

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🔹 Technical Analysis (Approximate):

✅ Price Trend:

AVAX is currently moving in a sideways range between strong support at $22 and resistance at $31.

Breaking the resistance may open the way towards $36–40, while breaking the support could bring the price back to $18–20.

📈 Technical Indicators:

RSI (Relative Strength Index): Around 50 → Neutral

MACD: Slight positive crossover, indicating potential upward movement

Moving Averages (MA50 / MA200): Convergence between them, indicating market equilibrium with a slight upward bias

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🔹 Fundamental Analysis:

✅ Strengths:

Avalanche relies on ultra-fast Snowball consensus, characterized by fast transaction execution and low fees.

Adopted by many projects in DeFi and NFTs.

Strong backing from major investors and developers, with robust funding.

⚠️ Challenges:

Intense competition from networks like Ethereum, Solana, Aptos, Base.

The platform still needs more leading projects to attract users permanently.

Noticeable impact from the overall market movement of Bitcoin.

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