Avalanche (AVAX) witnessed a remarkable increase by more than 39% during the past month, outperforming the performance of major currencies such as Bitcoin, which recorded only 12.92% during the same period.
AVAX trading is currently at $ 24.9, with a market value of about 10.54 billion dollars, despite the decrease in trading volume by 52%, which reflects a shift in investor behavior towards retaining the currency.
Horrown of a descending channel is pushing for new goals
This height came after the currency came out of a long -term descending direction, which analysts consider a sign of a possible change in the general direction, and this type of breakthrough is seen as a catalyst to attract buyers looking for short -term investment opportunities.
In this context, technical analyst Ted Bilose, cooperating with the OKX platform, indicated that the currency may reach levels ranging between 32 and 35 dollars during the next two weeks, if the positive momentum continues.
Growth in decentralized financing protocols
According to Defillalama data, the closed total value (TVL) in the AVAX financing protocols has multiplied by AVAX, from 37 million units at the beginning of 2025 to about 76.4 million units currently, reflecting an expansion of the network use and increasing confidence in it.
