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AVAX AVAX attracts market attention with significant growth
AVAX, a native token of the Avalanche ecosystem, became the focus of the market on August 20, 2026, reigniting investor interest. After recent price gains, a sharp rise in trading volumes and shifting technical signals have focused the market's attention on its short-term price movements.
Prices and volume were strong upward
AVAX is currently trading at US$7.20, up 8.99% in the past 24 hours, and trading volume surged 72.32% to US$452.15 million. In the past week, the asset's overall increase was 13.02%.
Avalanche is a blockchain network specifically designed for smart contracts and digital asset applications. The latest data shows that price fluctuations on the network are in sync with market interest.
Market analyst Crypto With Gopal pointed out: "A broad triangle pattern is formed in the AVAX chart, with prices hovering around the lower boundary of $6 to $7, while the $8 to $10 range is the main resistance area."
Key technology bits highlight
According to Crypto With Gopal analysis, AVAX is forming a large triangle shape. The $6 to $7 area constitutes support, while the $8 to $10 range is the main resistance area that buyers need to break through.
As prices gradually narrow within this structure, subsequent trends are expected to become more intense. If the upper track of the triangle pattern is effectively broken through, a new round of rising prices may be confirmed, and the US$10 mark will then become the focus of attention.
Analyst Lana Valentis also pointed to a breakthrough in a downward wedge pattern on the daily chart and emphasized that AVAX has stabilized above the $6 to $7 range. The region is expected to serve as a subsequent short-term support.
The current price of AVAX is US$7.20.
The support area is between US$6 and US$7.
The resistance area is between $8 and $10.
Lana Valentis gave price targets of $8.5,$10.5,$15,$24 and $35.
Lana Valentis said: "After the downward wedge break in the daily chart, the US$6 to US$7 range still plays a supporting role, and the market is expected to continue its upward trend."
Growth in tokenized treasury bonds assets
In addition to price movements, Avalanche's expansion in the tokenized asset market has also attracted attention. According to Token Terminal, the network has seen the most significant growth in the size of the tokenized U.S. Treasury market in the past week.
During this period, US$3.1 million worth of tokenized U.S. Treasury bonds were added to the Avalanche Network, indicating that the platform's usage and interest in asset tokenization is increasing.
This situation shows that AVAX's technical trends and network fundamental activities are at a critical stage of convergence. Market participants are closely monitoring the stability of the $8 to 10 range and trading volume to determine whether price gains can continue.
