AVAX Surges 5.78%: Analysts Eye $44 Target on Breakout

Avalanche’s native token AVAX is demonstrating strong technical strength, trading at $34.55 with a 5.78% daily gain and a market capitalization of $14.59 billion. According to market insights shared by More Crypto Online, AVAX is currently testing a key resistance zone at the $36 level, which analysts identify as a critical threshold for determining the token’s near-term trajectory. The technical analysis suggests that a decisive breakthrough above this resistance would indicate strong bullish momentum.

Market analysts are closely watching this price action, with projections indicating that a successful breakout could trigger a significant rally. The target zone identified by experts ranges from $41 to $44.30, representing substantial upside potential from current levels. This technical setup comes amid broader market optimism for AVAX, which has shown resilience and growing investor interest despite recent market volatility.

Supporting the bullish technical outlook, Avalanche’s on-chain metrics are showing remarkable strength and recovery. Crypto commentator Marcos Crypto highlighted that network activity is picking up pace, with decentralized exchange (DEX) trading volume reaching $761 million during the last 24-hour period. This substantial trading activity reflects increased engagement within Avalanche’s ecosystem and growing confidence among users and investors.

The network’s stablecoin liquidity has expanded significantly, reaching a combined total market cap of $2.1 billion. USDC dominates this market with nearly 60% share, indicating strong institutional and retail participation in the Avalanche ecosystem. This robust stablecoin infrastructure provides essential liquidity for DeFi operations and trading activities, further strengthening the network’s fundamental value proposition.

Avalanche’s DeFi ecosystem is experiencing substantial growth, with Total Value Locked (TVL) surging by 5.4% over the last 24 hours to reach $2.211 billion. This TVL growth represents one of the most significant positive indicators for the network, demonstrating increased user engagement and capital allocation across decentralized applications. The rising TVL suggests that users are becoming more deeply involved with Avalanche’s dapps, contributing to network security and utility.

The combination of strong technical positioning, robust on-chain activity, and growing DeFi engagement creates a compelling bullish case for AVAX. With a 24-hour trading volume of $3.84 billion and 0.36% market dominance, Avalanche is establishing itself as a significant player in the cryptocurrency landscape. As noted by analysts and commentators, the network appears to be “slowly but surely making a comeback,” backed by concrete data pointing to sustainable growth trends across its ecosystem.