Ah, AVAX. The quiet hero of the crypto world, quietly flexing behind the curtains while your favorite meme coins are busy doing keg stands. For weeks, it’s been cozily nesting just above $20, staring up at a trendline that’s been the gatekeeper to its dreams of $35, then maybe even $54 if the stars align-stars that, frankly, I’d bet are probably just some fireworks going off in a distant galaxy.
The Long Game: Near – But Not Too Near
If you squint at the monthly chart (which I do, because what’s better than staring at charts for fun?), AVAX is about to have its *moment*. It’s been bouncing around that $20-$23 zone like a kid on a pogo stick, always just making it back to the same place. And just above that, a descending trendline that’s probably tired from all the retests-kind of like that friend who keeps coming back even after you told them to take a hike. Each time it’s tested, the reaction gets a tiny bit milder-like a boxer getting used to punches, or me getting used to eating way too much cheese.
AVAX’s price is still all coiled up, like a spring you forgot you had in your closet. The 20-month moving average? Flattening out. If the bulls can hold their breath (or their nerve) long enough, a breakout above this trendline might just catapult this digital ice cream cone right into Q4 fame.
Accumulation: The Quiet Before the Party
Meanwhile, in the background, on a three-week trend… I mean, just look. It’s like watching a wild animal slowly gather its strength before launching into a surprise attack. There’s a tight range, like a rubber band stretched just enough to pop a balloon at any moment. Macro wedges, micro wedges-whatever you call them, they’re a pre-party dance move-signaling that something’s brewing. Or maybe I just like pretending I understand technical analysis.
On-Chain Strength – The Ghost That Won’t Die
While we’re waiting for the price to do something exciting, on-chain activity is throwing a rave behind the scenes. Dami-defi reports a 210% increase in daily active addresses in Q2 2025, which is basically crypto’s version of a flood. The TVL? Crossed $2 billion-two. billion. dollars. And yet, price-wise, it’s about as lively as a Friday night at my house: not much movement. The disconnect is like seeing a crowing rooster with no voice-everything’s wired, but no one’s heard it yet.
This on-chain/price gap? It’s the kind of divergence that tends to be a ticking time bomb-or at least, a big surprise party. Fundamentals are strong, structures are waiting for the cue, and this could just be the calm before a breakout storm.
Technical Outlook: Testing Support, Making Statements
Look at the latest from Lingrid-AVAX pulling back to retest a rising support line after a breakout from a triangle pattern. Think of it as testing the water before diving in-so far, so good. It’s stabilizing just above support like a skilled surfer waiting for the perfect wave, and if it continues to hold, look for $25-$26 to be the new playground. Or the new stepping stone, whatever floats your boat.
Double Bottom Dreams: Targets at $35 and $54, Baby!
The big news-assuming we’re not just dreaming it-is the classic double bottom setup on the weekly chart, with momentum indicators showing signs of life. MACD? Approaching a crossover, like that moment when your phone’s battery finally peaks before dying. RSI? Turning up, volume? Creeping up just enough to say “hello.” If it breaks that neckline-oh boy-targets at $35.40 and $54.80 come into focus like a buffet line at an all-you-can-eat festival.
This double bottom is right above that stubborn $20 support-fortifying its status like a castle wall. If AVAX can push past $25, well, then we’re talking mid-$30s, maybe even higher if everything gets just the right push-and maybe if Kevin from accounting starts caring about crypto.
In Conclusion (But Honestly, Who Needs Conclusions?)
AVAX is in a weird love triangle-both its price and on-chain activity hint that something big is in the offing. It’s like having two friends-one quiet and mysterious, the other loud and flashy-and both are about to explode into popularity. If this momentum continues, targets at $35 or $54 are just waiting for the “go ahead.” Stay tuned, or don’t-either way, I’ll be here, nerding out over charts and dreaming of avocado toast.
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2025-08-07 12:51