Avalanche holds key $12 support as AVAX eyes $18 resistance

Published: 2026-01-20 06:53:37 |

AVAX (Avalanche) has seen a surge in on-chain activity, reaching a record ~1.7 million Daily Active Addresses driven by DeFi, tokenization and real-world asset (RWA) activity. Institutional filings and allocations are cited as supporting demand. CryptoQuant data show strong taker-buy dominance and aggressive whale accumulation around the $11–$12 area, which kept price above the $12 support level. On the daily chart AVAX formed an ascending triangle; breaking the $15.36 resistance could open a move toward near-term targets at $18.52 and $24.18. Technical indicators (RSI, MACD) warn of caution and a breakdown below $11 could target $8.60. Traders should monitor key levels: support near $12 (critical), immediate resistance $15.36, major resistance $18.52, and downside risk to $8.60 if $11 fails. Keywords: AVAX, Avalanche, Daily Active Addresses, taker buy, whales, support and resistance.

Bullish

The article outlines both on-chain and market structure signals that favor upside: record-high daily active addresses indicate genuine network usage (DeFi, tokenization, RWAs), while CryptoQuant shows taker-buy dominance and concentrated whale accumulation near $11–$12. These factors support demand and provide a strong short-term support base at $12. The technical setup — an ascending triangle — is a bullish continuation pattern; successful breaks of $15.36 and $18.52 would likely attract momentum traders and institutions, pushing price toward the $24 target. However, risk remains: RSI/MACD caution and a breakdown below $11 could trigger liquidations and a drop to $8.60. Historically, projects that combine rising on-chain fundamentals with whale accumulation (e.g., post-product-adoption rallies in other smart-contract chains) have produced sustained rallies after key resistance breaks. Therefore, expected impact is bullish in both near term (if $12 holds and $15.36 breaks) and medium term, but contingent on monitoring momentum indicators and the critical $11 support to avoid downside cascades.