AVAX, the native asset of the Avalanche ecosystem, continues its uncertain trajectory as it retests a long-term key support area. While market watchers closely monitor whether AVAX can maintain its footing at this crucial juncture, on-chain data reveals a notable jump in network activity.
Price holds at a pivotal support level
In the past 24 hours, AVAX rose by 3.01 percent, reaching $6.72. Trading volume over the same period stood at $234.9 million, while the market capitalization was recorded at $2.9 billion. Despite this rebound, technical signals have yet to confirm any clear directional trend.
Crypto analyst Aman points out that AVAX currently sits at a critical intersection, revisiting a multi-year descending support trendline. According to Aman, holding this level could spark renewed buying interest, potentially opening a path toward a broader recovery.
Analyst Aman highlights that AVAX faces a pivotal test at its multi-year descending support trendline. If the asset maintains this area, he states that a stronger rebound toward the $30 to $40 range could become increasingly likely.
However, momentum indicators still appear weak. The current RSI suggests that buying pressure remains limited, pointing to an uncertain turnaround in the market. If AVAX were to fall below the support zone, downside risks could persist and deepen the existing downward trend.
On-chain activity signals expanding network use
According to data from MSB Intel, Avalanche’s network saw remarkable activity in the second quarter of 2026. The number of active sender addresses reached 144.98 million, establishing a new all-time high for any quarter in the network’s history. This uptick is seen as a key indicator of expanding user participation.
Mini glossary: An active sender address refers to a wallet that initiates network transfers within a specific period. Unlike addresses that merely hold assets, this metric tracks how extensively the network is actually being used.
The uptick in active senders suggests not just a fleeting spike but the possibility of lasting interaction among users. This development may indicate that interest in Avalanche-based DeFi apps, gaming, and NFT projects is on the rise.
| Indicator | Level |
|---|---|
| AVAX price | $6.72 |
| 24 hour change | Up 3.01 percent |
| 24 hour volume | $234.9 million |
| Market capitalization | $2.9 billion |
| Q2 2026 active sender addresses | 144.98 million |
Broader market sentiment under the spotlight
Analysts note that the recent uptick in AVAX may have also been influenced by broader market conditions. Bitcoin‘s partial recovery has helped sustain short term demand in major altcoins, including AVAX.
While network growth accelerates, a definitive bullish reversal in AVAX’s price is yet to materialize. As a result, investors are monitoring both the key technical support and the overall trend in on-chain activity side by side.
In the current landscape, the convergence of robust technical support and rising network usage underscores a crucial juncture. If AVAX manages to consolidate at this level, bullish scenarios may strengthen. Conversely, failure to hold could usher in renewed downward pressure.
