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AVAX Avalanche (AVAX) Technical Analysis: Rising Volume and Bullish Signals
On Thursday, August 20, 2026, Avalanche (AVAX) once again attracted market attention due to a significant increase in trading activity. As AVAX ushers in a new round of gains, market participants are turning their attention to technical forms and growing trading volume for clues as to the next step of the token.
Technical Analysis: Rising volume and bullish signals
As of press time, AVAX was trading at US$7.20, up 8.99% in the past 24 hours. The 24-hour trading volume reached US$452.15 million, and as buyers entered, trading volume rose sharply by 72.32%. According to CoinMarketCap data, AVAX's weekly gain reached 13.02%, highlighting the increased momentum in recent trading sessions.
analyst Crypto With Gopal identified a large triangular pattern on the AVAX price chart, noting that the cryptocurrency is currently located near the support area ($6 -7) on the lower edge of the pattern. Analysts believe this area has provided support for recent price increases. The triangular pattern shows that price volatility is narrowing as the long and short sides compete for control. The key resistance is between $8 and $10, and if AVAX breaks through this area, it is expected to usher in a stronger rebound. Crypto With Gopal pointed out that once the token is confirmed to break through the current technology structure, AVAX may target $10 or more.
Another technical analyst, Lana Valentis, emphasized that AVAX has broken through the declining wedge pattern on the daily chart, which indicates the potential for upward momentum. Valentis pointed out that AVAX has regained its support level of $6 -7, and traders are currently focusing on higher resistance levels to find the next move.
AVAX price level
Current support range: US$6-US$7; main resistance level: US$8-US$10; potential upside targets: US$8.5, US$10.5, US$15, US$24, US$35. Valentis listed future price targets of $8.5,$10.5,$15,$24 and $35, provided there is strong momentum above the current resistance level. Although the short-term trend looks bullish, many investors remain cautious and continue to wait for confirmation signals from the broader market.
Avalanche Tokenized Treasury Asset Growth
Avalanche is a decentralized smart contract platform focusing on scalability and speed, and its recent expansion in the tokenized asset market has also attracted much attention. Token Terminal data shows that Avalanche ranked first among all blockchain networks in the past week in the seven-day increase in the market value of tokenized U.S. Treasury bonds. The network has added $3.1 million in new tokenized U.S. Treasuries in the past seven days, reflecting both the growing popularity of its tokenization capabilities and increased investor confidence.
These developments indicate that interest in the Avalanche ecosystem and its native token AVAX is growing. Technical factors and the growth of tokenized assets are likely to lay the foundation for AVAX's price trend in the short term. Traders are expected to pay close attention to resistance levels. If we can continue to break through recent technical patterns, it may trigger further gains, although challenges at the resistance level still exist. The next few trading days will be critical for the short-term trend of the token.
Mini Dictionary: Tokenized assets are digital representatives of traditional financial products on the blockchain, allowing for more convenient transactions, higher transparency and real-time settlement.
Valentis emphasized that traders are waiting for confirmation signals above the resistance zone and that AVAX is expected to reach its new target price if momentum continues.
