AVAX Transactions Jump 585%; Price Eyes $28–33 with $12.5 Support
AVAX transactions don jump 585% since May, e reach almost 10 million transfers per month by July, network researcher Lennaert Snyder talk so. The rise show say on-chain activity don increase because people dey use dApp plus renewed interest from retail and institutional investors. Even with strong adoption foundation, technical analysis dey warn say resistance dey between $28–$33 and main support dey around $12.50–$16.75. Traders suppose dey watch AVAX transactions with active addresses and volume confirmation, and use tight stop-loss orders near the $12.50 support level. To manage risk and find good entry and exit points, e good to combine on-chain metrics with Fibonacci retracement and ABC wave patterns.
Bullish
One 585% surge for AVAX transactions dey show say network adoption strong, na key bullish factor wey historically dey linked to price appreciation—as wey dem see inside past Ethereum and Solana growth cycles. Even though technical resistance dey for $28–33 and possible corrective waves fit bring short-term volatility, the increase for on-chain activity dey support long-term bullish momentum. Traders wey dey use transaction metrics with support levels and wave analysis fit manage dips well, meaning say overall market sentiment still positive.