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- Avalanche transactions rose 201% in 30 days, boosting network activity.
- Technicals suggest AVAX could climb 82% to $50 if momentum holds.
- RWA growth and major partnerships strengthen Avalanche’s fundamentals.
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After sliding 16% from its monthly high, Avalanche (AVAX) is showing signs that a rebound could be in play. Despite the broader crypto market downturn, network activity on Avalanche is accelerating, suggesting stronger fundamentals that may support a rally toward $50.
AVAX Technicals Signal Possible Breakout
On the daily chart, Avalanche recently completed a double-bottom pattern with a neckline at $27. The token broke above this level on September 9 and has since retested it as support, confirming the breakout. AVAX also remains above its 100-day Exponential Moving Average (EMA), a bullish indicator. If momentum holds, analysts see $50 as the next psychological resistance, an 82% jump from current levels. However, a fall below $20 would invalidate this outlook.
Transactions and Users Surge
Supporting the bullish case is a sharp rise in on-chain activity. Over the past month, Avalanche transactions surged by 201% to nearly 50 million, while active addresses climbed 22% to more than 753,000. This surge highlights Avalanche’s growing use as one of the fastest-expanding blockchains, particularly in real-world asset (RWA) tokenization.
Also Read: Avalanche Jumps 11% to $34.55, Testing $35.36 Resistance as Support Holds
Real-World Asset Growth Boosts Fundamentals
Avalanche’s total value locked in RWAs rose 50% in 30 days to $726 million, making it the fourth-largest chain in the sector after Ethereum, ZkSync, and Polygon. Skybridge Capital is set to bring $300 million in assets onto the network, while Mirae Asset Management, with $316 billion under management, has also partnered with Avalanche. These moves strengthen the network’s position in tokenization, DeFi, and NFTs.
If market conditions stabilize, Avalanche’s rising transactions, expanding partnerships, and bullish technicals could fuel a push toward $50. Still, investors will be watching the $20 support closely as a critical risk level.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
