The currency has started

attracting significant interest with new capital inflows and starting technical indicators shifting to the upside. Investors now expect a potential 30% rise, with price movement escalating around a familiar support area.

Avalanche is witnessing strong capital flows

Avalanche concluded the week with a clear indication of strength, achieving second place in net inflows over 24 hours across all systems. According to DeGene Times, Avalanche registered deposits of $12.02 million against only $5.15 million in withdrawals, resulting in a net inflow of $6.87 million. This is a strong indicator of confidence, as it ranks second after Ethereum's $12.25 million, significantly ahead of other L1 platforms.

Avalanche achieved the second highest net inflows among all cryptocurrency chains. Source: DeGene Times via X

Not only does Avalanche maintain the current market cycle, but it is also actively attracting capital as many other cryptocurrency chains struggle. These flows not only reflect market sentiment but can have a tangible impact on price movement if momentum continues.

Avalanche on cryptocurrency chains is experiencing a record month

Avalanche has achieved a new and impressive milestone. Token transfers on the C-Chain did not fall below one million transactions in a single day throughout June. This is not just evidence of network strength; it is a highly sustainable stability demonstrated by the AVAX network.

The C-Chain of Avalanche maintained over one million token transfers daily throughout June.

The average daily transfers reached about 1.76 million transactions by mid-June, reflecting strong user activity rarely seen except in instances of significant network spikes.

on the verge of a potential 30% rise

AVAX has once again breached the $17 level and is starting to attract interest from the community. Cryptocurrency analyst Simon D'Souza describes this opportunity as a 'generational opportunity.' This decision is based on technical fundamentals, as the $17 to $18 area has been a demand zone multiple times over the past six months, often leading to 20-30% increases.

The AVAX coin revisits the key demand area at $17, and analysts expect a potential 30% rise from the support level.

This area also aligns with the base of the broader symmetrical triangle that is currently being formed. Providing both horizontal and diagonal support. Looking at the picture, AVAX still maintains higher lows on the daily chart despite the decline, indicating the continuation of its structural strength. As long as the price respects this area and on-chain momentum remains steady, this pullback may not represent a collapse, but rather a foundation for the next rise.

AVAX emerges from the descending wedge

After strong capital flows and a flexible structure on-chain, Avalanche's technical indicators are now aligning with its strength. AVAX has emerged from a typical descending wedge pattern on the four-hour chart. This breakout was accompanied by a strong green candle and a significant increase in trading volume, adding credibility to this move. AVAX is now attempting to convert the previous wedge resistance level into support, which is a crucial step to confirm the reversal.

Avalanche stock has broken a bearish pattern with increased trading volume, indicating a potential short-term trend reversal.

Technically, this move shifts the short-term momentum in favor of Avalanche's stock. If the price can hold above the breakout level of this pattern, the next logical target will be around $20, where secondary resistance meets the 50-day moving average. However, failing to hold above the breakout area may invalidate the forecasts and push Avalanche's stock back to the $17-$17.50 area.

Avalanche stock price forecast: $22.70

Based on its recent breakout from the descending wedge pattern, Avalanche's stock now shows early signs of forming a rounded bottom near the $17.50-$18 area. As shown in the Trench chart, this area served as a major horizontal support throughout June, and it now appears that the price is retreating from it.

The stock is forming a rounded bottom near a key support level, with attention focused on breaking towards the resistance area at $22.70.

The chart indicates a likelihood of the stock moving towards $22.70 if this short-term reversal continues; this level aligns with a previous resistance area recorded earlier in the month. If AVAX can decisively break the medium range level between $18.40 and $18.50, the likelihood of reaching the $22.70 target significantly increases.

Summary

While the market generally experiences sideways volatility, the stock is quietly achieving gains, both on-chain and on the charts. With ongoing capital flows, rising transfers, and strong technical formations such as the breakout from the descending wedge pattern, AVAX demonstrates resilience that often precedes major moves. The $17 area has become more than just support. If momentum emerges here, AVAX bulls are setting their sights on the $22.70 level.