AVAX crypto is regaining strength above $20 as soaring on-chain activity and bullish technical signals point towards a potential breakout ahead.
Avalanche’s network is heating up fast, with transaction volumes nearing all-time highs and price action showing the first signs of a comeback. Despite recent market turbulence, AVAX crypto has reclaimed key levels around $20, a move that participants see as a possible turning point.
Avalanche Network Activity Surges to Record Levels
On-chain metrics show Avalanche’s transaction count pushing toward historic highs, with daily volumes rivaling all previous records. The latest network data from AihansuCrypto reveals Avalanche processing nearly 60 million transactions, signaling an explosive expansion in usage across its subnets and dApps. Such consistent throughput at scale suggests increased validator activity and adoption across DeFi and gaming ecosystems.
Avalanche’s on-chain transactions soar to nearly 60 million, marking record network activity and growing ecosystem adoption. Source: AihansuCrypto via X
This rising on-chain participation reinforces the fundamental growth narrative that’s been building since Q3. When transaction activity trends higher while prices consolidate, it often sets the stage for a significant breakout. The combination of scalability, stable fees, and multi-chain utility continues to drive long-term confidence in Avalanche’s underlying infrastructure.
Technical Structure Points to a Bullish Break of Structure
AVAX is completing a clean break of structure (BOS) on the 4-hour chart after reclaiming the $20 to $20.50 zone. The asset broke out of a descending channel, signaling a momentum shift back to buyers. The RSI has also crossed into bullish territory, further confirming growing strength.
AVAX breaks out of its descending channel, confirming a bullish structure shift with upside targets between $22.20 and $23.40. Source: IITian In Crypto via X
If price holds above the former resistance turned support near $19.8, continuation towards $22.20 to $23.40 becomes likely. Such a breakout from compression typically leads to impulsive movement as sidelined liquidity re-enters the market. This technical alignment now supports the thesis of an early-stage reversal forming around current levels.
AVAX Crypto Back Above $20: Early Signs of a Bullish Reversal
AVAX crypto is currently trading near $20.18, maintaining a market cap above $8.6 billion. While the daily chart shows minor fluctuations, the underlying structure suggests accumulation near a pivotal psychological level. Price has stabilized above the 20-day moving average, with visible compression hinting at an impending expansion phase.
Avalanche’s current price is $20.18, down -2.99% in the last 24 hours. Source: Brave New Coin
Maintaining higher lows above $19.5 would confirm the bullish thesis, opening the door for a potential advance towards $24 to $27. Historically, such reclaim levels have acted as turning points for trend reversals. A breakout above $22.5 could validate momentum continuation, making the recent dip appear more like consolidation than exhaustion.
On-Chain Activity Continues Expanding
Nicolas Lemaitre’s latest report highlights that Avalanche’s C-Chain daily transactions have surged to nearly 2.5 million, up from 175,000 a year ago, a 12x year-over-year increase. This exponential rise underscores growing developer traction and user demand across Avalanche’s DeFi and real-world asset (RWA) applications.
Avalanche’s C-Chain daily transactions jump 12x year-over-year to 2.5 million, highlighting rapid growth across DeFi and RWA sectors. Source: Nicolas Lemaitre via X
Such consistent on-chain scaling emphasizes the network’s competitive edge. With institutional projects increasingly building on Avalanche, these activity spikes serve as strong fundamental validation. When combined with technical recovery, this data suggests a quicker price appreciation.
AVAX Price Prediction: Elliott Wave Setup Targets $300
AVAX crypto’s technical outlook aligns within an unfolding Elliott Wave structure, projecting a potential five-wave impulse towards $180 by year-end. Maiay’s chart shows AVAX completing its Wave 2 correction near $20 before a projected expansion through Wave 3, historically the strongest leg in bullish cycles.
Avalanche’s Elliott Wave setup signals a potential five-wave rally towards $300, with key breakout confirmations expected above $30 to $35. Source: Maiay via X
Key breakout confirmations would occur above $30 to $35, triggering momentum-driven extensions to $60, $120, and eventually $180+ before the final wave completion.
As long as price sustains above the short-term EMA and avoids deeper pullbacks below $19, the bullish scenario remains valid. Such structures mirror Avalanche’s previous cycle breakouts, where sharp technical reversals aligned perfectly with rising on-chain engagement.
Final Thoughts: Momentum and Fundamentals Align for Avalanche
Avalanche’s technical recovery and on-chain acceleration now converge into a powerful narrative. Rising network throughput, stable token performance above $20, and multiple bullish chart confirmations collectively indicate growing market confidence.
If AVAX crypto continues holding above key support zones, a measured move towards $25 to $30 in the short term seems realistic, with macro targets eyeing $100+ over the coming quarters.
