Avalanche (AVAX) Price Prediction: Double Bottom and Surging Activity Hint at $40 Breakout Ahead
The post Avalanche (AVAX) Price Prediction: Double Bottom and Surging Activity Hint at $40 Breakout Ahead appeared on BitcoinEthereumNews.com. AVAX is trading near key support with a possible double bottom forming, as on-chain activity and bullish technicals hint at a potential breakout. AVAX is starting to attract fresh attention as price action hints at a bullish turnaround. With a potential double bottom forming near $18.50 and on-chain activity hitting record highs, some participants are starting to lean bullish on Avalanche’s price prediction. AVAX Could See a Double Bottom Taking Shape AVAX is trading around $18.90, right back at a key level it tested just days ago. This retest is shaping into a potential double bottom on the daily chart. As spotted by Kyle Willson, the price just tapped the $18.50 zone for the second time in two weeks. AVAX retests key support near $18.50, forming a potential double bottom as momentum builds. Source: Kyle Willson via X If AVAX can reclaim the $22.50 neckline with decent volume, this structure could trigger a short-term push toward the $26 to $27 range. As from the momentum perspective, the daily RSI is deep in oversold territory, creating opportunities for a potential sling shot effect. As of now, the price has stalled here, but this time, if buyers step in with conviction, it could be the beginning of a more sustainable price recovery. Avalanche Network Activity Explodes While AVAX price tests key support near $18.90, Avalanche’s on-chain activity is seeing a bullish season. According to Mash, the network just recorded over 18 million transactions in a single day and surpassed 40 million total addresses. This kind of surge suggests that once the selling stops, a potential quick recovery can be witnessed. Avalanche records 18M daily transactions and crosses 40M wallet addresses. Source: Mash via X Either way, the disconnect between price and fundamentals is widening. With the daily chart showing signs of a…
The post Avalanche (AVAX) Price Prediction: Double Bottom and Surging Activity Hint at $40 Breakout Ahead appeared on BitcoinEthereumNews.com.
AVAX is trading near key support with a possible double bottom forming, as on-chain activity and bullish technicals hint at a potential breakout. AVAX is starting to attract fresh attention as price action hints at a bullish turnaround. With a potential double bottom forming near $18.50 and on-chain activity hitting record highs, some participants are starting to lean bullish on Avalanche’s price prediction. AVAX Could See a Double Bottom Taking Shape AVAX is trading around $18.90, right back at a key level it tested just days ago. This retest is shaping into a potential double bottom on the daily chart. As spotted by Kyle Willson, the price just tapped the $18.50 zone for the second time in two weeks. AVAX retests key support near $18.50, forming a potential double bottom as momentum builds. Source: Kyle Willson via X If AVAX can reclaim the $22.50 neckline with decent volume, this structure could trigger a short-term push toward the $26 to $27 range. As from the momentum perspective, the daily RSI is deep in oversold territory, creating opportunities for a potential sling shot effect. As of now, the price has stalled here, but this time, if buyers step in with conviction, it could be the beginning of a more sustainable price recovery. Avalanche Network Activity Explodes While AVAX price tests key support near $18.90, Avalanche’s on-chain activity is seeing a bullish season. According to Mash, the network just recorded over 18 million transactions in a single day and surpassed 40 million total addresses. This kind of surge suggests that once the selling stops, a potential quick recovery can be witnessed. Avalanche records 18M daily transactions and crosses 40M wallet addresses. Source: Mash via X Either way, the disconnect between price and fundamentals is widening. With the daily chart showing signs of a…
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