Avalanche (AVAX) is gaining fresh bullish momentum after reclaiming key technical levels. As of press time, AVAX price trades at $25.02, up 4.2% in the last 24 hours and over 42% in the past month.
The rally follows a notable recovery in Avalanche’s DeFi activity. Total Value Locked (TVL) surged from around $1.3 billion in April to about $2.9 billion today, with daily transactions tripling over the same period.
The 42% spike in 24-hour trading volume also suggests that traders might already be eyeing this breakout.
Avalanche DeFi Activity Rises
The AVAX price rally is being driven by both on-chain fundamentals and improving sentiment. Over the past week, all major DeFi protocols on Avalanche have reported TVL increases, with top contributors like Aave (+4.6%), Benqi (+4.7%), and Blackhole (+8.4%) leading the charge.
This surge coincides with institutional confidence that remains intact. For instance, VanEck’s $100M Avalanche ecosystem fund, announced in June, continues to drive interest in gaming and RWA tokenization projects.
FIFA’s migration of its NFT platform to Avalanche has further boosted visibility, aligning with a broader narrative of real-world adoption.
Can AVAX Price Extend Toward $36?
From a technical perspective, the AVAX price recently tested a $26.34 swing high (Fibonacci extension level) on July 25 before consolidating slightly. The next major resistance remains at $27, a level that has capped price action since March 2025.
Immediate support is at around $24, with stronger support at $22.50, where the 50-day moving average meets past price stability.
However, if AVAX price manages to break decisively above $27, it could trigger a wave of short-term buying and potentially lead to a move toward $30, followed by the $33–$36 resistance zone, as highlighted by crypto analyst Ali Martinez, a long-time analyst in the crypto space and has built a large, engaged following.
However, failure to reclaim $27 could lead to another consolidation phase between $23 and $25, where most of the recent accumulation has occurred.
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