Avalanche’s native token, AVAX, despite its long-term negative outlook, has begun to show signs of forming a base in an important support zone with recent price movements. AVAX price is hovering in a range close to the $9.68 level, and according to technical indicators, a possible breakout potential is observed in the short term.
Technical Indicators and Possible Direction Changes
Sheldon Diedericks, who stands out with his analysis in the market, pointed out that AVAX has been trading in a long-term descending channel recently. This pattern emerged as a result of a process in which the coin retreated sharply from previous cycle highs and formed successively lower highs and lows.
Currently, the price is stuck in the $9-10 band. This region is defined as the main support line, which has received reactions many times in the past. In similar technical structures, it is seen that markets tend to create liquidity after consolidating at the bottom, and then breakout movements can be triggered. In the bullish scenario, it is predicted that the price may encounter new resistances initially at $12, then in the range of $15-18.
Fractal Analysis and Historical Base Formations
A broader chart shared by Crypto Lens, whose analysis is followed in the cryptocurrency market, indicates that AVAX may form another fractal base at the $ 9.30-9 levels. It is stated that historically, every time the price retreated to this band, it initiated strong upward movements. It was reminded that AVAX reached record levels in 2021 and 2023 with the rises initiated from this area. If a similar structure continues, a resistance around $30 stands out as an important monitoring point.
Significant Increase in Network Activities
In addition to price movements, the Avalanche ecosystem has recently exhibited a remarkable growth in network activities. According to data cited by RebornAli3n, Avalanche C-Chain processed over 20.2 million transactions in a week. This figure corresponds to the second highest weekly transaction volume in the history of the network.
The ongoing increase in transaction volume indicates that user demand for the platform maintains its momentum. The increasing number of transactions shows that decentralized applications and on-chain interactions continue.
Artificial Intelligence Integration and Innovations in the AVAX Ecosystem
Another prominent development in the Avalanche ecosystem was the proliferation of artificial intelligence-supported agents working on blockchain-based applications. According to the official update from Avalanche, more than 1,600 AI agents have been registered via the 8004 framework. These agents undertake a wide variety of tasks, from trading transactions to encrypted communications to decentralized application testing.
Technical Strategies in Critical Price Zones
From a technical perspective, AVAX is currently trading in a critical decision zone. The $9 support stands out as the main structure base that buyers need to protect. In the short term, the price exceeding the channel resistance in the range of $ 10-10.50 may increase the possibility of heading towards new resistances at $ 12 and above. On the other hand, if there is a permanent break below $ 9, around $ 7-8 stands out as the new demand zone where intense purchases have come in the past.
