AVAX Price Hits $25.38 as Avalanche Breaks Record with 20M Daily Transactions
The post AVAX Price Hits $25.38 as Avalanche Breaks Record with 20M Daily Transactions appeared on BitcoinEthereumNews.com.
Peter Zhang
Jul 21, 2025 21:59
AVAX surges 15% in July amid record network activity and institutional adoption, with technical indicators pointing to potential $26+ breakout.
Quick Take • AVAX currently trading at $25.38 (+0.63% in 24h) • Avalanche’s RSI at 77.36 signals overbought conditions but maintains bullish momentum • Record 20 million daily transactions drive network utility and institutional interest What’s Driving Avalanche Price Today? Avalanche has captured significant market attention this week following a series of institutional adoption announcements and record-breaking network performance. The most compelling catalyst driving AVAX price action has been the network’s achievement of 20 million daily transactions on July 15th, demonstrating unprecedented utility across DeFi, gaming, and enterprise applications. This milestone coincided with two major institutional integrations that have bolstered confidence in Avalanche’s long-term prospects. Crypto Finance announced its integration of AVAX to provide regulated access for banks, brokers, and financial institutions, while Lynq revealed plans to leverage Avalanche for streamlined institutional payment solutions. These developments highlight Avalanche’s growing appeal to enterprises seeking speed, transparency, and scalability. The combination of record network activity and institutional validation has contributed to AVAX price surging 15% throughout July, with speculation building around potential ETF approval adding further momentum to the bullish narrative. AVAX Technical Analysis: Strong Bullish Signals Emerge Avalanche technical analysis reveals overwhelmingly bullish momentum across multiple timeframes, though some indicators suggest caution for short-term traders. AVAX RSI currently sits at 77.36, indicating overbought conditions that could lead to temporary consolidation or pullback before the next leg higher. Despite the elevated RSI reading, Avalanche’s MACD histogram shows a positive 0.5671 reading with the MACD line at 1.5679 well above its signal line at 1.0008, confirming strong bullish momentum remains intact. The Stochastic oscillator reinforces this view with %K…
Filed under: News - @ July 22, 2025 1:28 am