What to know:
- AVAX is testing key multi-year support near $6.72, with weak momentum and traders awaiting a bullish reversal or breakdown.
- If support holds, Avalanche (AVAX) could rebound toward $30–$40 as buying pressure and sentiment improve.
- On-chain activity surged, with Avalanche hitting 144.98M active senders in Q2 2026, showing strong ecosystem growth.
Avalanche (AVAX) is testing a key long-term support zone with weak momentum, leaving trend direction for the Avalanche price uncertain. If support holds, recovery is possible, while a breakdown could extend losses. Meanwhile, on-chain activity is rising, showing stronger network usage and growing ecosystem engagement.
At the time of writing, AVAX is trading at $6.72 with a 24-hour trading volume of $234.9 million and a market capitalization of $2.9 billion. Following the 3.01% gain over the last 24 hours, the Avalanche price structure and network growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Avalanche Price Prediction: Can AVAX Reclaim $7 After Sharp Rebound
Avalanche Price at Key Trendline: Is $30–$40 Rebound Next?
According to the crypto analyst Aman, the Avalanche price is sitting at a key technical inflection point as it retests a multi-year descending support trendline.
Momentum remains weak, with RSI still showing limited buying pressure, suggesting the market has not yet confirmed a reversal. Traders are closely watching this zone for signs of direction for the Avalanche price.
Source: Aman’s X Post
Assuming that the support holds, a good bounce could develop in the case of the Avalanche price as it looks to move upwards towards the $30-$40 region in the wake of improved momentum and buying pressure.
On the other hand, breaking below this important level could mean a continuation of the bearish trend for the Avalanche price in the coming period.
Avalanche Hits Record 144.98M Active Senders
The data from MSB Intel further highlighted that the Avalanche network has seen a notable surge in activity on its blockchain during Q2 2026 since active senders have reached a record high of 144.98 million active addresses, the most for any quarter in the entire history of Avalanche. It is a clear indication of increased users’ participation in the network.
Source: MSB Intel’s X Post
The increase in the number of active senders is an indicator of sustained engagement as opposed to any isolated surges, implying that the usage of Avalanche-based applications such as DeFi, games, and NFTs is gaining traction.
The number of active senders serves as an important indicator of network activity on Avalanche, thereby implying its increasing adoption and usage.
Following the network growth and changing conditions in the crypto market, the Avalanche price has responded well with a 3.01% surge. This upward move is largely affected by the BTC price, which has moved slightly upward in the recent sessions.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: AVAX Price Flashes Bullish Recovery Signals With $100 Target Back in Focus
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