Avalanche price jumped 10% in the past 24 hours, pushing to $28.50 and securing a spot among the day’s top crypto gainers. The move caps a strong week for the AVAX network, which recently processed a record 35.8 million C-Chain transactions in August, signaling surging adoption.
Further, the ecosystem recently received an important regulatory approval as Avalanche-based $GUN became the first gaming token to get approval under the EU’s MiCAR framework.
This is a significant achievement for the network because it shows that Avalanche can be a compliant choice for Web3 gaming. It provides both scalability and regulatory certainty for projects aiming at Europe’s growing digital asset market.
Avalanche emphasized that $AVAX offers builders like GUNZ the tools to hit “huge milestones” while meeting stringent EU requirements, a development that could accelerate mainstream adoption in gaming and beyond.
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DeFiLlama data also shows Avalanche’s TVL at $2.02 billion, with $569.6 million in daily DEX volume and 46,000–55,000 active daily addresses. These fundamentals, paired with growing app fees and inflows, suggest healthy on-chain activity.
Avalanche currently ranks 12th by daily active addresses, trailing networks like Near Protocol, BNB Chain, Aptos, Solana, and Tron, but showing steady engagement.
Why Traders See $34.50 Soon and $100+ Later
The regulatory win, combined with strong technicals, has set social channels alight. Traders and analysts on X are drawing bold parallels between AVAX’s latest breakout and its historic rallies.
Javon Marks reiterated a long-term $126.03 target, noting that the Avalanche price structure suggests a 325% upside still in play. He compared the setup to earlier explosive moves that delivered multi-hundred-percent gains.
Another popular crypto analyst further highlighted the Avalanche price breakout from an ascending triangle, calling for a $34.50 near-term target, a classic continuation pattern that often precedes bigger rallies.
Meanwhile, World of Charts, a chartist with over 47k X followers, projected a 70–75% upside move, placing potential highs around $45–48 once momentum confirms.
Avalanche price is currently at $28.50 and is facing resistance in the $30–34 range. If it breaks through this resistance, it could rise to $45–50 in the next few weeks. But if it fails to break through, there is a risk of falling back to the support levels of $24–25.
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