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3d ago

AVAX Presses Key Resistance With Bullish Setup and Record Derivatives Interest

Analysts say a decisive daily close above $27 would open a run toward $30–$36.

AVAX clears key hurdle after 8 rejections: Can AVAX reach $32?
Avalanche coin price prediction
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Overview

  • AVAX trades in the mid-$20s after four straight daily gains, with price above the 50- and 200-day averages, a Golden Cross, RSI near 61, and a positive MACD.
  • Derivatives open interest has risen to a reported record $1.07 billion, signaling larger positioning from futures traders.
  • Brave New Coin cites stronger fundamentals, including reported RWA value of $305 million and stablecoin supply of $2.68 billion on Avalanche.
  • Reported on-chain activity has strengthened, with weekly transactions around 13.3 million and DEX volumes above $3 billion by late August.
  • Ava Labs reported an MoU with WeBlock for regulated RWA tokenization in South Korea and a Toyota Blockchain Lab collaboration on a Mobility Open Network, while AMBCrypto says the breakout requires a daily close over roughly $26.75 and notes signs of profit taking.