• AVAX shows rising volume despite weekly softness.
• Technical analysts point to a potential upside breakout.
• Avalanche deepens its MENA footprint through a new foundation.
Avalanche AVAX is currently trading at $13.28, reflecting a 1.03% daily increase at the time of reporting. Market activity strengthened sharply, with 24-hour trading volume reaching $292.95 million, a 68.34% jump compared with the previous session. Despite the intraday uptick, AVAX remains under pressure on a weekly basis, posting a 3.89% decline over the past seven days.
Avalanche Approaches Key Support Zone
According to crypto analyst Profit Demon, AVAX appears positioned near the lower boundary of a symmetrical triangle formation visible on the weekly chart. Such patterns often precede decisive moves once price direction is confirmed.
A sustained rebound from this support zone could open the door to higher valuation targets, with projections ranging from $17.50, $30.00, and $55.00, to more ambitious levels at $80.00 and $120.00. Market participants are watching closely for confirmation through volume expansion and broader sentiment shifts.
Avalanche Expands Into Abu Dhabi
Avalanche has also taken a strategic step beyond price action by establishing the Avalanche DLT Foundation within the Abu Dhabi Global Market. The new entity is designed to support long-term Web3 adoption while strengthening enterprise and public-sector collaboration across the Middle East and North Africa.
ADGM’s dedicated framework for distributed ledger foundations offers regulatory clarity that aligns with decentralized governance models, allowing blockchain organizations to operate transparently while remaining compliant. This positioning provides Avalanche with a stable legal base to coordinate builders, partners, and government stakeholders under a unified structure.
Also Read | Avalanche (AVAX) Eyes $20 Zone After ETF Boost and Technical Breakout
Avalanche C-Chain Hits 64.3 Million Transactions
Operational data further underscores improving fundamentals across the network’s ecosystem. The network’s C-Chain recorded 64.3 million transactions in November, concluding a six-month expansion that significantly lifted baseline usage. Monthly activity has risen steadily since August, when transactions stood near 35.8 million, before accelerating through early autumn.
December has begun at a comparable pace, with more than 20 million transactions logged in its opening days. If current trends persist, analysts expect another month exceeding 65 million transactions, reinforcing confidence that the network’s recent growth phase is translating into sustained network engagement.
This convergence of technical structure, regulatory positioning, and on-chain performance places Avalanche at a notable juncture. While broader digital-asset markets remain sensitive to macroeconomic signals, projects combining compliance readiness with measurable usage are increasingly favored by institutional observers.
The coming weeks will test whether volume-led price stability and regional expansion efforts can convert optimism into durable value creation for developers, partners, and token holders alike, as the network continues refining its global growth strategy.
Any sustained upside will ultimately depend on execution, liquidity conditions, and continued user adoption across decentralized finance, enterprise pilots, and emerging government use cases within Avalanche’s expanding international footprint in the year ahead.
Also Read | Avalanche Foundation Launches DLT Hub: Could it Boost the AVAX to $86
