22
The immediate resistance to watch is the 127.2% Fibonacci extension at $27.89. A clean breakout above that could open the path toward the $30 psychological level. On the downside, support for AVAX price sits around $25.64 and $24.29, which align with recent Fib levels and moving averages.
Why is AVAX price going up right now?
AVAX is gaining on ETF speculation, rising stablecoin supply, and record on-chain activity, including 35.8M transactions in August.
What’s the next resistance level for AVAX?
The next key resistance is at $27.89, the 127.2% Fibonacci extension. If broken, AVAX could target $30.
Is Avalanche adoption growing?
Yes, daily transactions nearly tripled in 30 days, and RWA volumes jumped 58%, showing strong enterprise and institutional traction.
