{"id":16048,"date":"2025-11-16T13:16:11","date_gmt":"2025-11-16T13:16:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-avax-price-rebound-as-transactions-soar-ahead-of-granite-upgrade\/"},"modified":"2025-11-16T13:16:17","modified_gmt":"2025-11-16T13:16:17","slug":"will-avax-price-rebound-as-transactions-soar-ahead-of-granite-upgrade","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-avax-price-rebound-as-transactions-soar-ahead-of-granite-upgrade\/","title":{"rendered":"Will AVAX price rebound as transactions soar ahead of Granite upgrade?"},"content":{"rendered":"
\n

The AVAX price has crashed to a crucial support level after falling by 72% from its highest point in November as traders wait for the upcoming Avalanche Granite upgrade.\u00a0<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Avalanche price has tumbled to a crucial support level this month.<\/li>\n
  • The network will activate the Granite upgrade this week.<\/li>\n
  • Technical analysis suggests that it has more downside if it loses this support.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Avalanche to activate Granite upgrade<\/h2>\n

    Avalanche (AVAX) token was trading at $15.67, a key support it has failed to move below several times since March this year. Its plunge from its highest point in November has brought its market capitalization from $13 billion to $6.7 billion.\u00a0<\/p>\n

    Avalanche price will be in the spotlight this week as the network upgrades the Granite mainnet, which has been in the Fuji testnet in the past few months.\u00a0<\/p>\n

    Granite is one of the most important upgrades in its history as it introduces key features. It will improve cross-chain messaging, introduce biometric authentication support, and enable dynamic block times for faster transactions.<\/p>\n

    <\/p>\n

    The Granite upgrade, which comes on November 19, comes at a time when the Avalanche network is growing. Data compiled by Nansen shows that the number of transactions has soared by 102% in the last 30 days to 63 million. Its users also jumped by about 7% to over 719,340.\u00a0<\/p>\n

    Still, like other networks, Avalanche is also facing some major headwinds as the crypto market crash <\/strong>continues. Data shows that the stablecoin supply in the last seven days dropped by 2.52% in the last 7 days to $2.15 billion.\u00a0<\/p>\n

    More data shows that the DEX volume in the network has dropped to $108 million, down from this month\u2019s high of $407 million. Also, the total value locked in Avalanche has dropped to $2.05 billion, down from the year-to-date high of $3.51 billion. AVAX\u2019s funding rate and weighted open interest have also pulled back in the past few months.<\/p>\n

    AVAX price technical analysis<\/h2>\n
    Avalanche price chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily timeframe chart shows that the AVAX price has crashed from a high of $36 in October to the current $15.25. It has settled at a crucial support where it has failed to move below since March 10.\u00a0<\/p>\n

    The current price is along the weak, stop & reverse point of the Murrey Math Lines. It also formed a death cross pattern as the 50-day and 200-day Exponential Moving Averages have flipped each other.\u00a0<\/p>\n

    Therefore, a move below the support at $15.26 will point to more downside, potentially to the ultimate support at $12.50. On the other hand, a rebound could see it retest the Major S\/R pivot point at $25.\u00a0<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    The AVAX price has crashed to a crucial support level after falling by 72% from its highest point in November as traders wait for the upcoming Avalanche Granite upgrade.\u00a0 Summary…<\/p>\n","protected":false},"author":1,"featured_media":10408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16048"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16048\/revisions"}],"predecessor-version":[{"id":16049,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16048\/revisions\/16049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/10408"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}