AVAX Price Rises 3% as Active Addresses Surpass 144.98 Million—What Does It Mean for Investors?

AVAX Holds Key Support as Network Activity Surges

AVAX, the native token of the Avalanche ecosystem, is testing an important long-term support level. Although its price remains uncertain, on-chain data shows that activity on the Avalanche network has increased significantly.

AVAX Tests Critical Support

Over the past 24 hours, AVAX gained 3.01 percent to trade at $6.72. During the same period, its trading volume reached $234.9 million, while its market capitalization stood at $2.9 billion.

Despite the price increase, technical indicators do not yet show a clear trend.

Crypto analyst Aman said AVAX is currently retesting a multi-year descending support trendline. If the token can stay above this level, buying interest could return and support a stronger price recovery.

According to Aman, holding this support could increase the chances of AVAX climbing toward the $30 to $40 range over the longer term.

However, momentum remains weak. The Relative Strength Index (RSI) suggests that buying pressure is still limited, meaning the market has not yet confirmed a bullish reversal. If AVAX falls below its current support, the downtrend could continue.

Rising Network Activity Draws Attention

Analysts also believe AVAX’s recent price increase may have been helped by Bitcoin’s partial recovery, which has boosted short-term demand for major altcoins.

At the same time, Avalanche’s on-chain activity continues to grow, showing increased network usage even though the token’s price has yet to confirm a sustained uptrend.

For now, investors are watching two key factors: whether AVAX can hold its long-term support level and whether network activity continues to strengthen.

If AVAX remains above this support, the outlook could become more bullish. However, losing this level may lead to renewed selling pressure and further price declines.