📊 Avalanche (AVAX) Price Action
AVAX is trading around $25 with daily volume near $697M, slipping 2% in the last 24h. The chart shows repeated failures to break above $27, making it a strong resistance since March. 🔑 Support sits between $23.9–$22, and a breakdown could drag price toward $20.5 or even $16. Analysts note that a breakout above $27–$28 could send AVAX soaring to $40–$46. 🚀
🔥 Network Activity Rising
Avalanche’s C-Chain ended August with 35.8M transactions, the second-highest month ever. 📈 One week alone handled 10.9M transactions, the busiest since Dec 2023. The C-Chain powers Ethereum-compatible smart contracts, NFTs, and DeFi platforms, showing growing adoption. 🌐 Alongside X-Chain (transfers) and P-Chain (staking), this surge signals increasing ecosystem strength. 💪
📉 Indicators Flash Bullish Signs
The Money Flow Index (MFI) stands at 68, showing steady inflows and nearing the overbought zone (80). 💵 Meanwhile, the MACD on the weekly chart is firmly bullish, with green histogram bars confirming upside momentum. 📊 As long as AVAX holds above key supports, buyers maintain the advantage, keeping hopes alive for a breakout toward $46. 🚀✨
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AVAX is trading around $25 with daily volume near $697M, slipping 2% in the last 24h. The chart shows repeated failures to break above $27, making it a strong resistance since March. 🔑 Support sits between $23.9–$22, and a breakdown could drag price toward $20.5 or even $16. Analysts note that a breakout above $27–$28 could send AVAX soaring to $40–$46. 🚀
🔥 Network Activity Rising
Avalanche’s C-Chain ended August with 35.8M transactions, the second-highest month ever. 📈 One week alone handled 10.9M transactions, the busiest since Dec 2023. The C-Chain powers Ethereum-compatible smart contracts, NFTs, and DeFi platforms, showing growing adoption. 🌐 Alongside X-Chain (transfers) and P-Chain (staking), this surge signals increasing ecosystem strength. 💪
📉 Indicators Flash Bullish Signs
The Money Flow Index (MFI) stands at 68, showing steady inflows and nearing the overbought zone (80). 💵 Meanwhile, the MACD on the weekly chart is firmly bullish, with green histogram bars confirming upside momentum. 📊 As long as AVAX holds above key supports, buyers maintain the advantage, keeping hopes alive for a breakout toward $46. 🚀✨
Unlock your extra gift here! 🎁
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AVAX
24.39
-0.12%