Avalanche (AVAX) is currently trading around $25, recognized as a key support level, testing a triangular pattern on the weekly chart. Increased trading activity and high transaction volumes have investors closely monitoring AVAX’s price behavior. If Avalanche can maintain the $25 level, a strong comeback is likely due to increased buying pressure in this range. Meanwhile, the Avalanche ecosystem continues to grow, with the launch of the first layer 1 blockchain focused on artificial intelligence by Kite AI on February 6. This project aims to bring a significant transformation in decentralized artificial intelligence development. According to reports, Kite AI intends to accelerate innovation in decentralized AI using the fast and cost-effective Avalanche infrastructure, creating new opportunities for retail and institutional investors. This integration could revolutionize how developers and institutions interact with AI-based blockchain applications. The impact of this development is clearly seen in Avalanche whales’ behavior, with data from IntoTheBlock showing a 90% increase in large transactions in the past 24 hours. Historically, such increases in transactions are usually accompanied by significant price movements. The rise in trading volume and growth in active addresses indicate market readiness for a potential upward movement. Considering these Avalanche indicators, maintaining the $25 support for the future price is crucial. In case of continued buying pressure, the price could be expected to reach $30 in the short term. With a combination of technical and fundamental factors, Avalanche is at a critical point. Whale activity, high trading volume, and ecosystem development are reasons for increased investor confidence. If market conditions remain favorable and the $25 support level is held, a strong price recovery is possible. On the live digital currency price page, you can monitor the prices of all tokens and cryptocurrencies in real-time.
