Avalanche (AVAX) Price Prediction: AVAX Eyes 30% Breakout as Price Targets $28 Zone
The post Avalanche (AVAX) Price Prediction: AVAX Eyes 30% Breakout as Price Targets $28 Zone appeared on BitcoinEthereumNews.com.
Avalanche is approaching a key breakout zone, backed by strong user activity, bullish chart signals, and rising network inflows. Avalanche is flashing signs of a major breakout as both price structure and network activity heats up. A bullish engulfing candle, surging on-chain metrics, and rising inflows are catching attention. Market participants are eyeing a possible 30% rally. The AVAX community believes momentum is finally shifting. AVAX Price Structure Hints at Long-Term Breakout AVAX Avalanche price is shaping a massive long-term wedge pattern that’s starting to draw serious attention towards it. Analyst CryptoKaleo points out that price has been trading between key support and resistance levels since early 2022, with each bounce growing tighter. This kind of multi-year consolidation often ends in a major directional rally. Avalanche forms a multi-year wedge pattern as price tightens between key levels, hinting at a major breakout. Source: CryptoKaleo via X CryptoKaleo believes that AVAX’s market cap hovering below the $10 billion mark does not show the real valuation. For a network processing millions of daily transactions, with rising DeFi traction and a growing real-world ecosystem, that valuation looks undervalued. Avalanche User Activity Setting New Records While price structure on the charts remains inside a ranging structure, Avalanche’s on-chain activity is anything but quiet. According to fresh data from Nansen, active addresses on the network surged to nearly 195,000 in just 24 hours, a staggering 80% jump. On top of that, over 1.13 million transactions were processed in the same window, with OpenSea, Tether, and Bybit driving a big chunk of that load. Avalanche records 195,000 active addresses and over 1.13 million transactions in 24 hours, signaling explosive network growth. Source: Nansen via X This surge in activity adds weight to the breakout potential. When user metrics spike sharply ahead of major technical levels, it…
Filed under: News - @ June 24, 2025 8:24 pm