$AVAX 6.06% 24-hour gain reflects bullish technical momentum, surging DeFi activity, and growing institutional adoption.
Technical breakout from multi-month resistance ($25.11 swing high)
DeFi TVL doubled since early 2025, signaling ecosystem growth
Institutional inflows via VanEck’s $100M fund and FIFA partnership
Deep Dive
1. Primary catalyst: Technical breakout
AVAX broke its multi-month descending channel on July 19, with analysts (Ali Martinez) identifying $26 as a critical level. Key metrics:
MACD histogram bullish at +0.57 (signal line crossed upward)
RSI14 at 75.15 – elevated but not yet overbought
Price holds above Fibonacci 23.6% retracement ($22.89)
This triggered algorithmic buying and liquidated $14.44M in bearish positions (Coinglass data).
2. Supporting factors: DeFi and institutional traction
TVL surged 106% to 76.4M AVAX since January 2025 (DeFiLlama)
VanEck launched $100M fund targeting Avalanche-based RWA/gaming projects
FIFA migrated NFT infrastructure to Avalanche subnet, boosting utility narrative
These developments align with AVAX’s 17.20% weekly gain, outperforming Bitcoin’s 13.4% monthly return.
Conclusion
AVAX’s rally combines technical momentum with fundamental adoption drivers, though overextension risks linger with RSI near 75. Will the $25–$26 zone flip to support, enabling a retest of 2025 highs near $35?