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AVAX Avalanche (AVAX) regains its bullish momentum, Internet growth accelerates, and traders keep a close eye on the US$7.05 support
As bullish momentum resurfaces and Internet growth accelerates, Avalanche (AVAX) is attracting market attention. Traders are closely watching the key support level of $7.05 to determine whether prices can continue to move upwards. At the same time, Avalanche is accelerating its deployment in the field of tokenized stocks, further intensifying competition in the field of blockchain securities.
AVAX Price Trend and Key Levels
The latest data shows that AVAX's current trading price is US$7.32, the 24-hour trading volume reaches US$231.05 million, and the total market value is US$3.16 billion. Although AVAX has fallen 2.54% in the past 24 hours, analysts pointed to its price structure and Internet activity suggesting potential bullish reversals.
Cryptocurrency analyst KhonshuArc pointed out that AVAX ended a long-term consolidation in the range of US$6 to US$7 and recently climbed to US$8.30 before encountering resistance. After the correction, prices remain above the main daily moving average, which traders often view as a signal to maintain positive momentum.
Traders are currently watching whether AVAX can hold the US$7.05 support level on the daily chart. If prices remain above this level, the previous breakthrough structure may remain intact, leaving room for subsequent gains. However, a continued close below $7.05 may mean new selling pressure; a decisive breakthrough of $8.30 may trigger further price increases.
Tokenized Stock Growth and Internet Competition
Avalanche's Layer-1 blockchain, known for its customizable framework and scalable infrastructure, is currently expanding into new application areas, including tokenization of real-world assets such as stocks. Token Terminal data shows that Avalanche recorded the largest single-day increase in the market value of tokenized stocks in the blockchain network, increasing by US$5.7 million, while BNB Chain increased by US$5.4 million over the same period.
Market value growth of different network tokenized stocks (1 day): Avalanche $5.7 million, BNB Chain $5.4 million, Robinhood Chain $3.6 million. Robinhood Chain ranked third, with the market value of its tokenized shares increasing by $3.6 million over the same period. This development highlights the growing demand for blockchain securities and the increasing competition among major blockchain platforms in the field of tokenized stock issuance.
Small Dictionary: Tokenized shares refer to digital certificates of shares of a listed company issued and managed on the blockchain. These assets are designed to provide greater accessibility and faster settlement speeds for investors using cryptocurrency platforms.
Analysts pointed out that although Avalanche currently has a slight advantage, BNB Chain is closely behind, indicating that Avalanche's leading position in tokenization may face challenges if the trend continues.
Market Outlook and Trader Focus
Despite positive signals from online activity in tokenized stocks, the recent decline in AVAX prices reflects the cautious atmosphere brought by the cryptocurrency market's move into sideways consolidation following Bitcoin's latest rally. Market participants are expected to pay close attention to the $7.05 support level, and if it falls, the price may test the $8.30 again. On the contrary, a breakthrough of US$8.30 may strengthen bullish sentiment and accelerate momentum.
Signs of renewed institutional interest and the development of the tokenized stock market on Avalanche have injected optimism into future growth, even as short-term volatility persists. The progress of tokenized assets and the continued expansion of the network will be key factors in whether AVAX can recover and maintain its upward trend in the near term.
