#BinanceTurns8 $AVAX

Here is 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 coins by market capitalization

All-Time High: About $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 within a range between strong support at $22 and resistance at $31.

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

📈 Technical Indicators:

RSI (Relative Strength Index): Around 50 → Neutral

MACD: Slight positive crossover, indicating a potential rise

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

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🔹 Fundamental Analysis:

✅ Strengths:

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

It is adopted by many projects in DeFi and NFTs.

Strong support from major investors and developers, and robust funding.

⚠️ Challenges:

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

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

Notable impact from the general market movement of Bitcoin.