{"id":7927,"date":"2025-08-15T17:34:04","date_gmt":"2025-08-15T17:34:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/avax-price-on-the-cusp-of-a-breakout-as-key-metric-surges-715\/"},"modified":"2025-08-15T17:34:24","modified_gmt":"2025-08-15T17:34:24","slug":"avax-price-on-the-cusp-of-a-breakout-as-key-metric-surges-715","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/avax-price-on-the-cusp-of-a-breakout-as-key-metric-surges-715\/","title":{"rendered":"AVAX price on the cusp of a breakout as key metric surges 715%"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">AVAX price remained in a horizontal channel this week as Bitcoin and most altcoins jumped and then dived.<\/p>\n<div id=\"cn-block-summary-block_990c484f238de7303412a19a9bbbd774\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>AVAX price has formed the bullish double-bottom pattern.<\/li>\n<li>The adjusted stablecoin volume jumped by 715% in the last 30 days.<\/li>\n<li>Avalanche\u2019s DEX volume has been trending upward.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Avalanche (AVAX) was trading at $23.78 on Friday, Aug.15, up by 60% from its lowest level this year. It has formed a unique pattern that may trigger a strong comeback in the near term.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Avalanche stablecoin and transaction growth<\/h2>\n<p>AVAX price could be ripe for a breakout as third-party data show that the ecosystem is performing well. One notable metric relates to stablecoin growth, an area expected to accelerate after Donald Trump signed the GENIUS Act into law.<\/p>\n<p>Artemis <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.artemisanalytics.com\/asset\/avalanche?from=chains&amp;tab=stablecoins\" target=\"_blank\">data shows<\/a> that stablecoin supply on Avalanche jumped by 14% in the last 30 days to $1.5 billion. Most importantly, adjusted transaction volume rose by 715% to $131 billion. This growth makes Avalanche one of the most active chains in the stablecoin sector.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Additional data from Nansen shows that the number of transactions on the Avalanche network has been on a strong upward trajectory. The network processed 4.5 million transactions in the past seven days, a 55% increase.<\/p>\n<p>Avalanche is also becoming a key player in the decentralized exchange industry. Protocols on its chain, including Blackhole, LFJ, and Uniswap, processed transactions worth over $7.7 billion in July and have already reached $5.8 billion this month.<\/p>\n<p>Avalanche\u2019s non-fungible token network is also booming, with weekly sales soaring by 52% to over $1.42 million. This growth was driven by veBlack, whose sales volume rose by 72%.<\/p>\n<p>Rising stablecoin activity, DEX volume, and NFT sales are all positive signs for AVAX price, as they enhance its utility.<\/p>\n<p>Meanwhile, Avalanche is also entering the tokenized assets industry. On Thursday, Dinari Financial Network announced it would launch the first order book for U.S. stocks on the Avalanche network.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Dinari Financial Network is here.<a href=\"https:\/\/twitter.com\/DinariGlobal?ref_src=twsrc%5Etfw\">@DinariGlobal<\/a> is launching the first Layer-1 omni-chain orderbook for compliant, tokenized U.S. equities\u2014 on <a href=\"https:\/\/twitter.com\/avax?ref_src=twsrc%5Etfw\">@avax<\/a>.<\/p>\n<p>Excited to back this leader in the next era of programmable markets. Capital connected at every layer.\ud83d\udd3a <a href=\"https:\/\/t.co\/UZGdaXuwm4\">pic.twitter.com\/UZGdaXuwm4<\/a><\/p>\n<p>&mdash; Blizzard the Avalanche Fund (@BlizzardFund) <a href=\"https:\/\/twitter.com\/BlizzardFund\/status\/1955977959971475810?ref_src=twsrc%5Etfw\">August 14, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">AVAX price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Avalanche price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The three-day timeframe chart shows that AVAX has formed a double-bottom pattern at $15.60, its lowest level in both May and July. A double-bottom is a historically reliable bullish reversal pattern.<\/p>\n<p>Avalanche has also moved above the 50-day moving average and is about to flip the neckline at $27.4. Moving above that level will confirm the bullish breakout.\u00a0<\/p>\n<p>The distance between the neckline and the double bottom is approximately 43%. Therefore, a breakout could see AVAX rally to $40, which would represent a 65% gain from the current level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AVAX price remained in a horizontal channel this week as Bitcoin and most altcoins jumped and then dived. Summary AVAX price has formed the bullish double-bottom pattern. The adjusted stablecoin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7927","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\/7927","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=7927"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7927\/revisions"}],"predecessor-version":[{"id":7928,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7927\/revisions\/7928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4330"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}