Adoption vs Price Action. Avalanche transaction volume surges as the token price searches for a bottom in a deep bear market.
What's Happening:
On-chain transactions up 10% in 30 days; C-Chain hits 900M total txs
Price drops below key $12 support amid broader market weakness
Strategic expansion into MENA region drives institutional adoption
Active addresses exceed 430,000, showing strong user retention
Why It Matters: Usage is the ultimate metric. While the price is painful for holders, the network is being used more than ever. This fundamental growth usually precedes price recovery in the long term.
Technical View: $AVAX is in a clear downtrend, now trading below $12. Oversold RSI on daily suggests a relief bounce could be due, but the trend remains bearish until $15 is reclaimed.
🎯 Key Levels:- Support: $11.50 | Resistance: $13.00- 24h Range: $11.60 - $12.50
💡 Adoption is a lagging indicator for price
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Avalanche #AVAX #DeFi #CryptoAdoption #Blockchain
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
