Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Avalanche Approaches $19.48 Support: Could AVAX Break $25 Soon?
ALTCOIN NEWS

Avalanche Approaches $19.48 Support: Could AVAX Break $25 Soon?

By Crypto FlexsAugust 18, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Avalanche Approaches .48 Support: Could AVAX Break  Soon?
Share
Facebook Twitter LinkedIn Pinterest Email
  • AVAX active addresses have recently increased by 34.46%.
  • A key support level of $19.48 could start a reversal.

Avalanche (AVAX) has seen increased on-chain activity recently, which could be an indicator of renewed investment interest in the altcoin.

AMBCrypto looked at Coinglass data and found that active AVAX addresses surged by 34.46%, indicating that more investors are starting to use the Avalanche network.

Source: IntoTheJacket

AVAX volume trading increases

Along with the increase in active addresses mentioned earlier, large transactions increased by 9.45%. This often indicates an increased presence in the market of whales or institutional investors.

As both retail and whales continue to grow, we can see that a wide range of AVAX holders are participating.

Source: IntoTheBlock

The AVAX long/short ratio showed a balanced market with a position range of around 50%. This balance, coupled with the recent increase in on-chain activity, indicates a market at a decision point.

This indecisive attitude can potentially create a climate of volatility when a clear trend emerges.

Source: Coinglass

AVAX approaches important support levels.

The price of AVAX has been under stress recently. In particular, the token is consolidating above the major support level of $19.48. Historically, this point has provided a solid base during past declines.

Source: TradingView

Setting the stage for a potential twist

If AVAX crosses a significant support level and sees a surge in on-chain activity, several events could occur. If $19.48 holds, the price could surge above $25.

The growing participation in the network means that there is demand to accommodate such an event.


Realistic or not, here is the AVAX market cap in BTC terms:


Despite the recent price struggle, the increase in on-chain activity has meant a ray of hope for bulls. The emerging support level of $19.48 will draw a line in the sand.

If this level holds and the on-chain momentum continues, AVAX may be entering a trend reversal.

Next: Could an Ethereum ETF Help BlackRock Overtake Grayscale’s Holdings?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analyst says Solana blinks a very promising optimistic setting and predicts the rally for two lowlands Altcoin.

June 4, 2025

The reason why Flock token surpasses the encryption market with three digits

June 4, 2025

Will the price of TRX follow the rise in the network of TRON?

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

BITMEX is finished with Alts & Mement Trading Arena with 50,000 usdt prize pool

June 4, 2025

Analyst says Solana blinks a very promising optimistic setting and predicts the rally for two lowlands Altcoin.

June 4, 2025

Development of Ether Leeum: PECTRA, Fusaka and Glamsterdam

June 4, 2025

The reason why Flock token surpasses the encryption market with three digits

June 4, 2025

With the new record height, gold climbing goes well with the price of Bitcoin.

June 4, 2025

Trump’s son confirms that the team launches a password wallet and refuses to link to the circulating website.

June 4, 2025

Will the price of TRX follow the rise in the network of TRON?

June 4, 2025

Telegram reveals direct messaging on channel and HD photo sharing.

June 4, 2025

How to analyze the market moves like a pros

June 4, 2025

Introduction to Krakeen Prime, a full -service prime brokerage for customer creepto customers

June 4, 2025

The Mara report recorded Bitcoin mining performance in May 2025.

June 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BITMEX is finished with Alts & Mement Trading Arena with 50,000 usdt prize pool

June 4, 2025

Analyst says Solana blinks a very promising optimistic setting and predicts the rally for two lowlands Altcoin.

June 4, 2025

Development of Ether Leeum: PECTRA, Fusaka and Glamsterdam

June 4, 2025
Most Popular

A top analyst says a ‘maximum pain’ scenario is looming for Bitcoin (BTC) and predicts a parabolic rally against gold.

April 10, 2024

Weekly Update #32 – Password Tracking

December 6, 2023

According to Sergey Nazarov, here’s how the blockchain industry can earn ‘hundreds of trillions’ of dollars.

October 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.