- AVAX Hits Record 20M Daily Transactions, signaling rising adoption and real-world scalability.
- Price holds above $21, with analysts eyeing a bullish breakout if $24.27 is reclaimed.
- Technical Analysts Target $54.13, citing strong momentum and confirmation levels above key resistance.
Avalanche (AVAX) is gaining fresh momentum, which is good news with the possibility of making a huge breakout because both market sentiment and on-chain indicators are in its favor. After having a bumpy couple of weeks that were marked by macroeconomic tensions and global market volatility, AVAX has emerged as one of the best performers during the recovery process of the crypto market.
Currently, Avalanche is trading at $21.07, having registered 1.86% price growth in the past 24 hours. The 24-hour trading volume has hit $798.86 million, with the total market capitalization closing in at $8.90 billion. The price movement is happening in the context of the larger market recovery, but AVAX is separately garnering specific interest given its firming fundamentals and rising activity among users.
One of the most notable events this week has been Avalanche crossing a record of 20 million transactions in one day. This is the first such achievement by the network, reflecting its growing adoption and scalability in practical use cases.
This jump in transaction count heralds not merely growing user interest, but it is an endorsement of Avalanche’s credentials as a high-performance layer-1 blockchain that is ready to process enterprise-grade demand.
Technically, Avalanche is being closely watched by key market analysts. Cryptocurrency strategist Ali Martinez recently posted on X (previously known as Twitter) that AVAX must maintain its bullish configuration intact by being above the $20 level. According to Martinez, maintaining the bulls above this psychological and technical support may pave the way to penetrating the channel’s higher resistance level of $26.
Avalanche Eyes $54 After $24.27 Breakout Signal
Along the same lines, the popular analyst, Crypto Feras, emphasized the importance of the $24.27 level. He cited that “No ifs, no buts; once it reclaims $24.27, longs are preferred up toward $54.13. Super clean chart. Again, CONFIRMATION above $24.” This is an extremely clear pattern that awaits confirmation signals before taking out larger positions but has enormous room on the higher side if the momentum continues.
Also Read: Avalanche (AVAX) Retests Key Resistance with Volume Spike, Eyes $22
The convergence of tech indicators, higher trading activity, and all-time-high network activity has positioned Avalanche on the brink of an explosive situation. Since AVAX continues to create higher pressure, the wider crypto community is waiting anxiously for an unambiguous breakout above the resistance levels that may mark the beginning of the growth phase anew.
Overall, Avalanche finds itself at the crossroads. Led by strong fundamentals, technical endorsement by major analysts, and on-chain milestones supporting the story, AVAX stands poised to turn the corner from consolidation to breakout phase.
If it regains the vital $24–$26 zone, the subsequent targets in the vicinity of $50 or more may be nearer than expected. Investors and speculators would be wise to closely watch Avalanche as it navigates its way during this very important phase.
Also Read | Avalanche (AVAX) Poised for Breakout After Forming Double Bottom Pattern