Avalanche (AVAX) Price Prediction: Network Hits 20M Daily TXs as AVAX Eyes Explosive Breakout

Avalanche (AVAX), a top-tier coin, is back on radars as price action shows strength around a major breakout zone. After weeks of sideways chop, AVAX has jumped past $19 with rising volume, hinting that bulls might finally be ready to take charge.

Avalanche is starting to show real signs of life again. After a quiet stretch, AVAX has climbed back above $19 with a strong green candle that nearly touched $19.25, and momentum is starting to build. The move comes just as weekend trading kicks in, often a time when lower liquidity can accelerate sharp price shifts. The $20 mark is now firmly on the radar, and this recent push suggests that bulls are starting to lean in.

AVAX’s current price is $19.56, up 6.99% in the last 24 hours. Source: Brave New Coin

What makes this move interesting isn’t just the price level, but the shift in tone. After weeks of hesitation, AVAX seems to be lining up for a breakout that could flip market sentiment. Traders are watching closely, if it can hold these gains and make a clean move through $20; it might just mark the beginning of a broader bullish turn.

Momentum may finally be swinging back in the Avalanche’s favor. After months of lower highs and repeated rejections off its descending trendline, AVAX has officially broken above that major resistance zone. As shown by crypto analyst Cody Gains, the price action has cleanly closed above the downtrend that’s been in play since March, a structure that’s now flipped from resistance into possible support.

AVAX breaks its multi-month downtrend, flipping resistance into support as bulls target the $22 level. Source: Cody Gains via X

Technically, this breakout has opened doors for higher levels; however, before the next push starts, a possible retest of the trendline still remains possible. The green checkmark on the chart signals confirmation of structure shift, while previous failed attempts in red highlight just how significant this reclaim could be. With the price now hovering around $19.40, the next big target for AVAX price sits at $22.

While price action is one part of the story, what’s happening on the Avalanche network itself might be even more important right now. According to Jay Kurahashi-Sofue, AVAX transactions jumped 200% last month, topping all other chains in terms of activity growth. The Nansen data shows Avalanche leading the charge in transaction volume.

Avalanche leads all chains with a 200% spike in transactions. Source: Jay Kurahashi-Sofue via X

The appchain thesis is starting to play out. Avalanche’s custom infrastructure is allowing developers to build smoother and faster.

The latest transaction chart shared by Nicolas Lemaitre gives even more weight to Avalanche’s growing momentum. On July 8, the Avalanche network clocked nearly 20 million transactions in a single day, an all-time high. While participants watch for a technical breakout above $20, this network-level surge adds strong on-chain backing to the bullish narrative, picking up.

Avalanche sets a new all-time high with nearly 20 million transactions in a single day, reinforcing its bullish momentum. Source: Nicolas Lemaitre via X

In a bold technical call, analyst Fritz has outlined a potential “peanut” pattern forming on the AVAXUSD chart, a playful nickname for what closely resembles a large, descending broadening wedge. This long-term structure has been forming since late 2024 and is now nearing an important point. The current setup shows price tightening within the lower range of the wedge, potentially priming for a breakout toward the upper resistance zone around $40 to $45.

AVAX forms a descending broadening wedge pattern, with bullish projections pointing toward a $70 breakout in the next altseason. Source: Fritz via X

The chart also suggests that if the second leg remains identical to the previous rally, AVAX would push towards $70 region in the upcoming altseason. This fits in nicely with the earlier short-term AVAX price prediction, which sees $22 as the next resistance level. Should AVAX clear that, the broader wedge structure would gain confirmation, especially if accompanied by continued on-chain strength.

The idea that AVAX might be one of the most undervalued tokens in the market is starting to gain traction. Ryan Myher’s comment reflects a growing view among traders who see the gap between Avalanche’s price and its fundamentals widening. Price has seen strong network growth, a key breakout from its downtrend, and bullish technical structures forming. If this momentum keeps up, it might not be long before that $20 zone is reclaimed.

AVAX is gaining attention as one of the market’s most undervalued tokens. Source: Ryan Myher via X

Momentum is finally catching up with Avalanche, both on the charts and on-chain. From a confirmed breakout above the long-standing downtrend to a record-breaking surge in transactions, AVAX is stacking bullish signals. The clean structure shift on the chart adds weight to the idea that the worst might be behind, and that the $20 mark is now well within reach. If bulls keep control through the weekend, the $25 to $28 range could come into play.