AVAX Eyes 82% Breakout as Price Climbs to Two-Month High

• AVAX has surged 4.21% to $25 and is nearing a key resistance at $26.88, which could trigger an 82% rally.

• The double-bottom pattern and rising RSI suggest growing bullish momentum in the AVAX market.

• Avalanche’s DeFi TVL has jumped 37% to $1.89 billion, signaling stronger network activity and user demand.

Avalanche (AVAX) has recorded a 4.21% increase in the last 24 hours, pushing its price to $25 as of July 21. This marks its highest price level in two months, placing the token close to a critical resistance zone formed by a double-bottom pattern.

The double bottom was established with two separate declines to the $14.75 support level, once in April and again in June 2025. Each time, the price rebounded sharply, signaling significant buyer interest at that level. The move toward $26.88 represents a double increase from the April–June lows.

A breakout above $26.88 could trigger an additional 82% surge, potentially taking AVAX to $48. This price point would match the highs last recorded in December 2024. Notably, the current setup mirrors that rally, with the RSI indicator showing a similar crossover pattern. The RSI has moved above 50 for the first time since January 2025, signaling renewed buyer strength.

AVAX Strengthens Amid Rising Network Activity

Recent momentum in AVAX coincides with a broader market recovery, supported by gains in Ethereum and other major altcoins. Layer one tokens, including Avalanche, have benefited from increased investor attention and capital inflows. Traders are beginning to regain control of AVAX’s price trend.

The network’s performance also backs this bullish outlook. According to DeFiLlama, Avalanche’s total value locked (TVL) in DeFi protocols surged from $1.38 billion to $1.89 billion over the past month. This 37% increase suggests rising user activity and stronger demand for AVAX tokens.

Increased activity in Avalanche’s DeFi ecosystem contributes to the current rally by improving sentiment and usage metrics. It also supports long-term sustainability, even if immediate buying pressure decreases.

Traders Watch for Confirmation of Breakout

As AVAX tests the $26.88 resistance, traders closely monitor whether the token can maintain momentum and confirm a breakout. If successful, the price may reach the $48 mark, aligning with previous highs and completing the double-bottom rally pattern.

With the Avalanche network showing strong growth in usage and DeFi adoption, market conditions appear favorable for further gains. AVAX currently ranks as the 16th largest cryptocurrency by market capitalization, and ongoing interest from investors may strengthen its position as the market enters Q3 2025.