Current market analysis indicates that Avalanche (AVAX) is back in the spotlight, with steady movement towards the resistance level between $26 and $28.
Technical Analysis of AVAX
Currently, AVAX is trading around $26.78, reflecting a 3.07% increase over the last 24 hours and 7.01% over the past week. Technical analysis points to the resistance zone from $26 to $28, with the $27 level being the last barrier before a potential new high.
Analyst Master Ananda notes that if this level is overcome, it could pave the way for new records. However, it is essential to consider that the market has its nuances, and frequent corrections may be inevitable.
Fundamental Growth Factors
Avalanche's fundamental indicators are also strengthening. The real-world asset (RWA) market on the platform has reached a market cap of $305.25 million, marking a 57.3% increase over the last month. The total value locked (TVL) has reached $1.88 billion. Investor confidence in the Avalanche network continues to rise, as its ecosystem includes over 3.44 million users and 12 different stablecoins. The periods of March and December 2024 were marked by sharp declines after each rise, yet the current situation in April 2025 shows a different dynamic.
Future of Avalanche and Strategic Partnerships
Relevant strategic partnerships are also strengthening Avalanche. In late August, the network announced collaboration with Funtico to create a platform for indie game studios. This partnership includes the launch of the GameLoop Season 1 tournament with a prize pool of $30,000. Such steps highlight the integration of blockchain with the entertainment industry and create new opportunities for users.
While Avalanche (AVAX) moves toward a new high, market participants remain cautious, as sharp price fluctuations may recur. Overcoming the $27 level will serve as a significant test for the resilience of current trends.
