Avalanche Sees Short-Term Price Spike, Eyes Break Above $23
The post Avalanche Sees Short-Term Price Spike, Eyes Break Above $23 appeared on BitcoinEthereumNews.com. Avalanche (AVAX) rose nearly 8% in 24 hours, hitting a high of $20.90. Avalanche’s monthly active wallets have surged over 400% since May, exceeding 2.2 million users. Avalanche is starting to turn heads again—not just for its price action, but for what’s happening under the hood. The AVAX network is experiencing a sharp rise in user activity, with monthly active wallets shooting up more than 400% since May. That puts the total number of active wallets past 2.2 million, according to updates from the Avalanche team. Simply put, the network is buzzing with activity even if the market hasn’t fully priced that in just yet. In the last 24 hours, AVAX’s price saw a solid jump of nearly 8%, reaching as high as $20.90 before settling slightly lower at $20.80. Its market cap now stands at around $8.8 billion. However, daily trading volume has seen a drop of over 35%, currently sitting at $306 million. This could indicate that the price is moving up, possibly waiting for stronger confirmation before making big moves. One of the key reasons behind this growing interest is Avalanche’s improving DeFi ecosystem. Liquidity on the chain is increasing, and that’s always a strong incentive for users to stay and interact more. As more users get involved and activity picks up, this often creates a ripple effect—more transactions, more apps being used, and ultimately, more money flowing in. If this momentum continues, it may not be long before the price starts to reflect these fundamental gains. AVAX Begins Bullish Reversal, Eyes Key Resistance at $23 Looking at the short-term technical setup, AVAX is showing signs of a possible recovery. In just the past four hours, the token climbed 1.21%, trading around $20.90. The 4-hour chart paints a promising picture, as the price recently bounced from a…
The post Avalanche Sees Short-Term Price Spike, Eyes Break Above $23 appeared on BitcoinEthereumNews.com.
Avalanche (AVAX) rose nearly 8% in 24 hours, hitting a high of $20.90. Avalanche’s monthly active wallets have surged over 400% since May, exceeding 2.2 million users. Avalanche is starting to turn heads again—not just for its price action, but for what’s happening under the hood. The AVAX network is experiencing a sharp rise in user activity, with monthly active wallets shooting up more than 400% since May. That puts the total number of active wallets past 2.2 million, according to updates from the Avalanche team. Simply put, the network is buzzing with activity even if the market hasn’t fully priced that in just yet. In the last 24 hours, AVAX’s price saw a solid jump of nearly 8%, reaching as high as $20.90 before settling slightly lower at $20.80. Its market cap now stands at around $8.8 billion. However, daily trading volume has seen a drop of over 35%, currently sitting at $306 million. This could indicate that the price is moving up, possibly waiting for stronger confirmation before making big moves. One of the key reasons behind this growing interest is Avalanche’s improving DeFi ecosystem. Liquidity on the chain is increasing, and that’s always a strong incentive for users to stay and interact more. As more users get involved and activity picks up, this often creates a ripple effect—more transactions, more apps being used, and ultimately, more money flowing in. If this momentum continues, it may not be long before the price starts to reflect these fundamental gains. AVAX Begins Bullish Reversal, Eyes Key Resistance at $23 Looking at the short-term technical setup, AVAX is showing signs of a possible recovery. In just the past four hours, the token climbed 1.21%, trading around $20.90. The 4-hour chart paints a promising picture, as the price recently bounced from a…
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