$AVAX

UPDATE on Avalanche (AVAX) as of July 12, 2025:

🚀 AVAX Snapshot

Current Price: ~$21.05 USD (+2.8% in 24h)

(turn0search11, turn0search16)

Market Cap: ~$8.9 B

24h Volume: ~$700 M (~8% of market cap)

🔥 What’s Pushing AVAX

1. Technical Breakout

Broke above $19.60–19.65 resistance after a bullish engulfing candle—strong short-term momentum

Forming an uptrend channel with V-shaped recovery from ~$18.75

2. Ecosystem & Institutional Catalysts

Avalanche launched a $40M Retro9000 grant program to build subnets and infrastructure

Subnet expansion in the Middle East, growing enterprise and DeFi Adoption

3. Mixed Sentiment Amid Regulatory Pause

AVAX ETF delay by SEC until July 15 keeps token in spotlight—short-term volatility risk

📈 Trade Plan

Strategy Price Range Notes

Dip Entry $20.50 – $20.80 Near 20-day EMA support

Breakout Zone Above $21.65 Confirms continuation

Targets $23.00 → $25.00 Post-breakout upside

Stop-Loss Below $20.30 Protects from false move

➡️ DYOR .

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