Avalanche is holding a crucial support zone while flashing fresh bullish signals, hinting at a potential breakout towards $24.
AVAX Avalanche price might be gearing up for a major move as it continues to defend a key long-term support zone while fresh bullish signals stack up. After weeks of quiet consolidation, momentum is starting to flip, both on the charts and on-chains.
AVAX Avalanche Price at Macro Support
AVAX is parked right on top of a long-term demand zone, one of its key “make” levels. The $10 to $13 range has served as a firm foundation since mid-2022, consistently absorbing heavy drawdowns and holding steady through broader market turbulence. Crypto analyst EdwinM85 believes that on the monthly chart, this is a firm base.
AVAX defends its long-term demand zone and reclaims the 9-month EMA. Source: EdwinM85 via X
The latest candle shows a clear rejection of lower levels, with AVAX climbing back above its 9-month EMA. That move signals quiet accumulation, even if volume hasn’t spiked yet. Historically, AVAX has made decisive moves once it builds a solid base, and with this zone holding once again, its price structure is starting to attract renewed attention.
Monthly Stochastic Flips Bullish on AVAX
Following AVAX’s solid defense of its macro base, Momentum is starting to shift. According to CryptosBatman, AVAX has just flashed a golden cross on the monthly stochastic oscillator. This isn’t just a random crossover., It has triggered key bottoms before, notably in mid-2021 and again in late 2022, both of which led to strong price recoveries within weeks.
AVAX flashes a rare monthly stochastic golden cross, hinting at a possible trend reversal. Source: CryptosBatman via X
Technically, a stochastic golden cross on the monthly is rare and powerful because it measures long-term momentum shifts. While price is still hugging support, this crossover suggests underlying strength is quietly returning. Now, if AVAX Avalanche price can get above $24, a run towards $32 and $44 would be on cards.
AVAX Network Momentum Returns Around Key Supports
Avalanche’s on-chain are on a bullish run. The Degen Times highlights that AVAX active addresses on the network have jumped by more than 90%, and transactions are up 30%, pushing to all-time highs. Additionally, the fees has hit yearly peaks, signalling deeper chain usage.
AVAX network activity surges with 90% jump in active addresses and record-high transactions. Source: The Degen Times via X
With Avalanche holding firm at its $10 to $13 macro support zone and monthly momentum flashing a bullish crossover, this new wave of on-chain strength couldn’t have come at a better time. Quiet accumulation has been in play for weeks, but now the metrics are starting to back it up. If this momentum holds and price clears the next resistance levels, Avalanche could be gearing up for a bullish leg.
Fees Drop Below One Cent
As AVAX defends its macro base and network activity picks up, Avalanche is also showing its ultra-low fees. According to data shared by ExcelBaller, transaction costs have now dropped below a cent. This kind of speed and affordability is rare in today’s layer-1 landscape, especially when paired with rising demand.
Avalanche Technical Analysis
AVAX Avalanche price continues to respect a well-defined uptrend channel, and chart analyst AltWolfCrypto is eyeing the $24 level as the next target. It lines up with prior supply zones from late 2023 and acts as the neckline of a potential inverse head-and-shoulders structure that has been quietly forming over the last several months. So far, AVAX has broken above both a diagonal and horizontal resistance cluster between $18 and $19, flipping them into support.
AVAX price structure remains bullish as it rides a rising trendline, with $24 in focus. Source: AltWolfCrypto via X
Zooming in, the Avalanche price is currently riding above the rising trendline with a clean retest already in the books. That makes this structure technically valid and still intact. RSI on the 4H and daily chart is hovering just below overbought, suggesting there’s room for another leg up. If bulls hold this trendline and push through the $21.50 level with volume, the path toward $24 becomes increasingly likely.
Final Thoughts
Avalanche is showing all the early signs of a bullish turnaround, from reclaiming its key support zone and flashing a rare monthly stochastic golden cross to a sharp rise in on-chain activity. While price hasn’t exploded yet, the groundwork is quietly being laid. If AVAX can break above the $21.50 and $24 resistance levels with solid volume, Avalanche price could see a rally towards $32 or even $44 in the coming weeks.
