Avalanche TVL increased by 40% quarterly, breaking through 1.5 billion USD! Derivation positions surged, can it break through the key resistance of 28 USD? | AVAX price predictionAvalanche (AVAX) ecosystem welcomes strong rise, after the Octane upgrade its total DeFi Lock-up Position (TVL) has surged nearly 40% this quarter, reaching $1.5 billion, highlighting the market's recognition of faster transactions, lower fees, and improved experiences. On the technical side, AVA**X has broken the downward trend line and formed a double bottom pattern**, currently challenging the key resistance zone of $26-28. The derivatives market is also active, with open interest (OI) increasing by 15% weekly to $835 million, indicating bullish expectations among traders. However, the sharp decrease of 33.93% in new on-chain addresses, along with declining social heat, diverges from the price rise, raising concerns for sustained upward movement. This article analyzes key points in the Bull vs Bear Battle.
MarketWhisper·2025-07-29 06:40