Avalanche (AVAX) remained pinned around $13.16 this week, sliding about 3.8% amid continued selling pressure and steady bids at long-term support. With a market cap of around $5.65 billion and 24-hour volume above $280 million, the market is waiting for a clear break from consolidation.
AVAX Usage Outpacing Price Action
Behind today’s muted Avalanche price, network activity tells a stronger story. Avalanche’s total value locked sits near $1.8 billion, while weekly active users hover around 159,000, ranking the network 15th among L1s. Over the past 30 days, Avalanche generated about $440,000 in protocol revenue, placing it eighth among major blockchains.
More importantly, AVAX daily transactions surpassed 2.5 million in mid-2025, around 7 times 2024 levels, driven by DeFi, gaming, and enterprise subnet adoption. Projects such as MapleStory Universe migrating to Avalanche validate its subnet architecture.
On Dec. 5, the network processed up to 47 million daily transactions, reinforcing Avalanche’s scalability narrative. Sustained activity above 2 million transactions per day remains a key metric to watch.
Avalanche Price Trades Inside Descending Channel
Technical data point to indecision, as AVAX continues to trade between a falling trendline of resistance and stubborn support around the low teens.
Several analysts highlighted similar chart structures despite differing targets. Don noted that the AVAX coin remains within a descending channel, with a longer-term target near $86 if the pattern eventually resolves to the upside.
Vuori Trading pointed to a multi-year support band holding firm, arguing that a successful escape from the current pitchfork structure could first open a move toward $80, with much larger upside only if momentum decisively flips.
Bitcoinsensus focused on the weekly chart, calling out a classic falling wedge, typically a bullish reversal pattern, while flagging $55.80 as a measured upside target if price breaks higher. These views frame AVAX price action as compressed rather than broken.
For traders tracking the Avalanche price prediction, AVAX remains defined by its range. A move through the top of the channel would mark a bullish shift, while a breakdown below multi-year support would tilt the bias lower. Until then, price action offers limited direction.
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