Avalanche Adoption Rockets 275% – Is $24 AVAX the Next Stop?

Avalanche''s ecosystem just hit hyperdrive—network activity exploded by 275% in a blistering surge. Traders are now laser-focused on whether this altcoin can smash through the $24 resistance level.

The Layer 1 contender''s recent growth spurt puts institutional players on notice. While Ethereum wrestles with gas fees, AVAX keeps carving its niche as the ''speed demon'' of smart contract platforms.

Market watchers caution that adoption metrics don''t always translate to price pumps—after all, this is crypto, where fundamentals sometimes take a backseat to memes and leverage. But with network activity at these levels, AVAX bulls are loading up for what could be the next big breakout.

AVAX eyes $24 — Gatekeep or greenlight?

AVAX traded NEAR a confluence of Fib resistance levels between $22.5 and $23.6. This zone coincides with the 0.5–0.618 retracement area from the April drop. 

So far, price action remains within an ascending channel, suggesting the bullish structure remains valid. However, the Stochastic RSI spiked above 80, flashing an overbought signal. 

Therefore, a temporary pause or minor retracement is possible before bulls attempt a clean breakout. A decisive close above $24.1 may flip sentiment entirely and validate upside continuation.

Source: Trading View

Traders rush in

Taker Buy Dominance on the spot market has spiked, signaling aggressive buying.

No, this isn’t passive bidding—this is traders hitting the market with confidence.

As a result, this metric suggests bullish momentum is gaining strength in real time. If this behavior sustains while price consolidates, it could create the ideal conditions for a breakout. 

Source: CryptoQuant

On top of that, Large Holder Netflow showed a +45.60% gain over 90 days, suggesting long-term accumulation.

However, the 30-day trend has declined sharply by -53.31%, suggesting more recent outflows or profit-taking. 

This divergence indicates uncertainty among whales as the price nears resistance. While some long-term investors appear confident, short-term players may be exiting on strength. 

Therefore, the next price reaction at the resistance cluster could clarify whether whales will support or suppress a breakout.

Source: IntoTheBlock

AVAX: Gearing up for a directional move?

Speculative interest is returning.

Open Interest jumped 11.37% to $558 million, while trading volume remains steady at $1.16 billion. This points to growing speculative interest in AVAX.

However, the absence of extreme leverage suggests that traders remain cautious. 

While rising Open Interest is often a bullish sign, a lack of commitment through high leverage implies skepticism about sustained upside. 

According to Binance’s Liquidation Map, a large cluster of long liquidations sits between $23.3 and $24.5. This zone marks the key resistance barrier. 

A sharp MOVE above this level could trigger short liquidations, amplifying volatility and fueling upward momentum. However, failure to breach this zone might trap bulls and increase downside pressure.

Source: Coinglass

Will rising network activity be enough?

Avalanche’s explosive growth in active users, transactions, and spot demand shows that the network fundamentals are strengthening. 

However, price action has yet to reflect this momentum, as AVAX faces strong resistance between $23.3 and $24.5. Whether whales support this rally or take profits will be critical. 

If bulls flip this range into support, a breakout could follow. But if rejected, AVAX risks returning to lower support zones despite its on-chain revival gaining momentum.