AVAX is demonstrating signs of recovery and growth, with an increase in stablecoin liquidity indicating a potential return of investor interest.
Current Situation and AVAX Price Dynamics
According to updated data, AVAX shows moderate speculation signals, with prices fluctuating in the range of $20–30. The AVAX bubble map indicates that the market is not overheated, unlike the peak in 2021 when prices reached $100.
Increase in Stablecoin Volumes on Avalanche
Recent Artemis data reveals significant growth in stablecoin volumes on Avalanche, surpassing $150 million. This allows Avalanche to overtake Solana, which attracted about $120 million, marking a notable change in liquidity dynamics.
Technical Analysis and Forecasts for AVAX
CLS Global analysis indicates that the AVAX/USDT line is forming an upward structure. If the price remains above $19–$20, a further rise is anticipated to resistance levels of $31.470 and $34.434. Conversely, if the price falls below $17, the bullish scenario may lose relevance.
The current trends in AVAX pricing and the increase in stablecoin volumes signal the potential for upward movements in the market. Investors continue to monitor the dynamics to assess further forecasts.
