Avalanche (AVAX) Price Soars: Network Hits 20M Daily TXs, Bulls Eye Explosive Breakout! 💥🚀

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Ah, mon cher ami, it seems our beloved Avalanche (AVAX) is back in the spotlight! After weeks of sideways chop, AVAX has leapt past $19 with rising volume, hinting that the bulls might finally be ready to take charge. 🎉

AVAX Eyes Fresh Breakout as Bulls Push Toward $20

Avalanche is starting to show real signs of life again. After a quiet stretch, AVAX has climbed back above $19 with a strong green candle that nearly touched $19.25, and momentum is starting to build. The move comes just as weekend trading kicks in, often a time when lower liquidity can accelerate sharp price shifts. The $20 mark is now firmly on the radar, and this recent push suggests that the bulls are starting to lean in. 🐂💪

What makes this move interesting isn’t just the price level, but the shift in tone. After weeks of hesitation, AVAX seems to be lining up for a breakout that could flip market sentiment. Traders are watching closely, if it can hold these gains and make a clean move through $20; it might just mark the beginning of a broader bullish turn. 📈

AVAX Breaks Key Downtrend Line With Eyes on Continuation

Momentum may finally be swinging back in the Avalanche’s favor. After months of lower highs and repeated rejections off its descending trendline, AVAX has officially broken above that major resistance zone. As shown by crypto analyst Cody Gains, the price action has cleanly closed above the downtrend that’s been in play since March, a structure that’s now flipped from resistance into possible support. 📉

Technically, this breakout has opened doors for higher levels; however, before the next push starts, a possible retest of the trendline still remains possible. The green checkmark on the chart signals confirmation of structure shift, while previous failed attempts in red highlight just how significant this reclaim could be. With the price now hovering around $19.40, the next big target for AVAX price sits at $22. 🎯

AVAX Network Activity Soars With 200% Transaction Spike

While price action is one part of the story, what’s happening on the Avalanche network itself might be even more important right now. According to Jay Kurahashi-Sofue, AVAX transactions jumped 200% last month, topping all other chains in terms of activity growth. The Nansen data shows Avalanche leading the charge in transaction volume. 📈

The appchain thesis is starting to play out. Avalanche’s custom infrastructure is allowing developers to build smoother and faster. 🏃‍♂️🚀

The latest transaction chart shared by Nicolas Lemaitre gives even more weight to Avalanche’s growing momentum. On July 8, the Avalanche network clocked nearly 20 million transactions in a single day, an all-time high. While participants watch for a technical breakout above $20, this network-level surge adds strong on-chain backing to the bullish narrative, picking up. 📊

AVAX Price Prediction: Long-Term Pattern Points Toward $70 Target

In a bold technical call, analyst Fritz has outlined a potential “peanut” pattern forming on the AVAXUSD chart, a playful nickname for what closely resembles a large, descending broadening wedge. This long-term structure has been forming since late 2024 and is now nearing an important point. The current setup shows price tightening within the lower range of the wedge, potentially priming for a breakout toward the upper resistance zone around $40 to $45. 🔮

The chart also suggests that if the second leg remains identical to the previous rally, AVAX would push towards the $70 region in the upcoming altseason. This fits in nicely with the earlier short-term AVAX price prediction, which sees $22 as the next resistance level. Should AVAX clear that, the broader wedge structure would gain confirmation, especially if accompanied by continued on-chain strength. 📈

Ryan Myher Believes AVAX is Undervalued

The idea that AVAX might be one of the most undervalued tokens in the market is starting to gain traction. Ryan Myher’s comment reflects a growing view among traders who see the gap between Avalanche’s price and its fundamentals widening. Price has seen strong network growth, a key breakout from its downtrend, and bullish technical structures forming. If this momentum keeps up, it might not be long before that $20 zone is reclaimed. 💸

Final Thoughts

Momentum is finally catching up with Avalanche, both on the charts and on-chain. From a confirmed breakout above the long-standing downtrend to a record-breaking surge in transactions, AVAX is stacking bullish signals. The clean structure shift on the chart adds weight to the idea that the worst might be behind, and that the $20 mark is now well within reach. If the bulls keep control through the weekend, the $25 to $28 range could come into play. 📈🤑

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2025-07-10 16:41