Well now, gather ’round, folks! It seems our dear friend AVAX Avalanche is fixin’ to make quite the stir in the market. Like a cat on a hot tin roof, it’s been defending its long-term support zone with the tenacity of a mule. After a spell of quietude, the winds of change are a-blowin’, and momentum is startin’ to flip like a pancake on a Sunday mornin’.
AVAX Avalanche Price at Macro Support
AVAX is sittin’ pretty right atop a long-term demand zone, one of them key “make” levels. The $10 to $13 range has been as solid as a rock since mid-2022, takin’ on heavy drawdowns like a champ and holdin’ steady through the market’s wild ride. Our crypto sage, EdwinM85, swears on the monthly chart that this is a firm base. Well, bless his heart!
The latest candle is showin’ a clear rejection of lower levels, with AVAX bouncin’ back above its 9-month EMA. That there move signals quiet accumulation, even if the volume is still snoozin’. Historically, when AVAX builds a solid base, it tends to make decisive moves, and with this zone holdin’ firm, it’s startin’ to attract some curious eyes.
Monthly Stochastic Flips Bullish on AVAX
Now, after AVAX’s valiant defense of its macro base, momentum is startin’ to shift like a river in spring. According to CryptosBatman (yes, you heard that right), AVAX has just flashed a golden cross on the monthly stochastic oscillator. This ain’t just some random crossover, mind you. It’s triggered key bottoms before, like in mid-2021 and late 2022, both of which led to price recoveries faster than a jackrabbit on a date!
Now, a stochastic golden cross on the monthly is as rare as hen’s teeth and mighty powerful, as it measures long-term momentum shifts. While the price is still cozyin’ up to support, this crossover suggests that underlying strength is tiptoein’ back in. If AVAX can just get above $24, we might be lookin’ at a run towards $32 and $44. Hold onto your hats, folks!
AVAX Network Momentum Returns Around Key Supports
Avalanche’s on-chain activity is on a bullish run, like a dog chasing its tail! The Degen Times reports that AVAX active addresses have jumped by more than 90%, and transactions are up 30%, pushin’ to all-time highs. And let’s not forget, the fees have hit yearly peaks, signalin’ deeper chain usage. Ain’t that a hoot?
With Avalanche holdin’ firm at its $10 to $13 macro support zone and monthly momentum flashin’ 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 startin’ to back it up. If this momentum holds and price clears the next resistance levels, Avalanche could be gearin’ up for a bullish leg. Yeehaw!
Fees Drop Below One Cent
As AVAX defends its macro base and network activity picks up, Avalanche is also showin’ off 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 rarer than a three-headed chicken in today’s layer-1 landscape, especially when paired with risin’ demand. Ain’t that somethin’?
Avalanche Technical Analysis
AVAX Avalanche price continues to respect a well-defined uptrend channel, and chart analyst AltWolfCrypto has got his eye on 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’s been quietly formulating over the last several months. So far, AVAX has broken above both a diagonal and horizontal resistance cluster between $18 and $19, flippin’ them into support. Well, slap my knee!
Now, zoomin’ in, the Avalanche price is currently ridin’ 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 hoverin’ just below overbought, suggestin’ there’s room for another leg up. If them bulls hold this trendline and push through the $21.50 level with volume, the path toward $24 becomes increasingly likely. Giddy up!
Final Thoughts
Avalanche is showin’ all the early signs of a bullish turnaround, from reclaiming its key support zone and flashin’ a rare monthly stochastic golden cross to a sharp rise in on-chain activity. While the price hasn’t exploded yet, the groundwork is quietly bein’ 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 comin’ weeks. Now, wouldn’t that be a sight for sore eyes?
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2025-06-13 00:43