{"id":2396,"date":"2025-06-07T14:26:58","date_gmt":"2025-06-07T14:26:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/avalanche-gains-momentum-as-monthly-transactions-surge-326-but-this-chart-signals-a-cold-front\/"},"modified":"2025-06-07T14:26:59","modified_gmt":"2025-06-07T14:26:59","slug":"avalanche-gains-momentum-as-monthly-transactions-surge-326-but-this-chart-signals-a-cold-front","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/avalanche-gains-momentum-as-monthly-transactions-surge-326-but-this-chart-signals-a-cold-front\/","title":{"rendered":"Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front"},"content":{"rendered":"
\n

Avalanche price rose for two consecutive days as investors bought the recent dip, and weekly transactions jumped.<\/p>\n

Avalanche (AVAX) token rose to $20.65 on Saturday, June 7, up by 12% from its lowest point this week.\u00a0<\/p>\n

Third-party data shows that Avalanche\u2019s network is doing well as it became the fastest-growing one in the industry this week. According to Nansen, Avalanche handled over 5.2 million transactions in the last seven days, a 112% increase from a week earlier.\u00a0<\/p>\n

This increase happened as the number of active addresses jumped by 23% to 283,163. Avalanche\u2019s fees jumped by 193% to almost $200,000.\u00a0<\/p>\n

The same performance has happened in the last 30 days as the transaction count jumped by 326% and active addresses jumped by 312% to 2.05 million.<\/p>\n

<\/source><\/p>\n<\/picture>
Avalanche chain growth | Source: Nansen<\/figcaption><\/figure>\n

Another piece of data shows that Avalanche\u2019s stablecoin network has started to rebound. It has over $2.1 billion in stablecoin market cap, the highest it has been since Feb. 19. This is up from $1.46 billion on January 20.\u00a0<\/p>\n

Decentralized exchange protocols on Avalanche are also seeing high volume<\/a> recently. It handled over $131 million in volume in the last 24 hours, the third day of gains.\u00a0<\/p>\n

<\/p>\n

Avalanche scores with FIFA NFT deal, technicals show\u2026<\/h2>\n

Avalanche gained traction after the F\u00e9d\u00e9ration Internationale de Football Association, or FIFA, said that it would tap its network to power its NFT sales. <\/p>\n

This is a big deal for Avalanche because of FIFA\u2019s scale and the plunge in its chain\u2019s NFT sales in the past few years. These sales<\/a> stood at just $103,000 in the last seven days.<\/p>\n

<\/source>
\n\"avalanche\n<\/picture>
AVAX price chart | Source: crypto.news<\/figcaption><\/figure>\n

The three-day chart shows that the AVAX price formed a double-top pattern at $55.20 and then crashed. A double-top is one of the most bearish patterns in technical analysis.<\/p>\n

It is hovering above the upper side of the neckline at $17.5, its lowest point in August last year. AVAX has also formed a bearish flag pattern, consisting of a vertical line and a rising channel.\u00a0<\/p>\n

Avalanche price also remains below the 50-week and 200-week Weighted Moving Averages. Therefore, the most likely scenario is where Avalanche price has a bearish breakdown despite its strong ecosystem metrics. If this happens, the next target price will be $15, down by 27% from the current level.\u00a0<\/p>\n

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

Avalanche price rose for two consecutive days as investors bought the recent dip, and weekly transactions jumped. Avalanche (AVAX) token rose to $20.65 on Saturday, June 7, up by 12%…<\/p>\n","protected":false},"author":1,"featured_media":2397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2396","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\/2396","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=2396"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2396\/revisions"}],"predecessor-version":[{"id":2398,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2396\/revisions\/2398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2397"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}