$AVAX Analysis : With the number of active addresses reaching a historical peak, AVAX is attracting the attention of major investors.

Avalanche (AVAX) is trading around $12 at the time of writing on Tuesday, up approximately 2% from the previous session. The recovery momentum of this layer-1 token is becoming clearer as on-chain indicators show significant improvement. In December, the number of active addresses on the Avalanche network reached its highest level in a month, reflecting the return of user traffic and trading activity. At the same time, large wallets, also known as "whales," are beginning to increase their presence, further strengthening risk appetite in the market, especially in the derivatives sector.

Network data shows the Avalanche ecosystem is experiencing strong growth, with cumulative interactions exceeding 342 million. The number of unique addresses has surpassed 444 million, while the total number of transactions is approaching 10 billion. This expansion is seen as a fundamental factor supporting long-term demand for AVAX, as the token plays a central role in fee payments, staking, and network security.

On the AVAX futures market, open interest (OI) increased by nearly 3.6% in 24 hours, indicating a return of new capital. Funding rates improved significantly, reflecting weakening selling pressure from bears. Indicators such as CVD continue to favor buyers, implying that whales are gradually regaining confidence.

On the chart, AVAX is still fluctuating within a descending wedge pattern. A breakout and close above the $13 region could pave the way for the price to move towards the $14.8 area and higher. Conversely, losing the $11.18 support level would increase the risk of a deeper correction in the short term.

AVAXUSDT

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12.13

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