Avalanche (AVAX) Price Breakout: Bullish Double-Bottom Pattern and Stablecoin Volume Surge

AVAX price is poised for a breakout as key metrics surge. The adjusted stablecoin volume jumped 715% in 30 days, and Avalanche's DEX volume has been trending upward. The stablecoin supply on Avalanche rose 14% to $1.5 billion. AVAX has formed a bullish double-bottom pattern and is trading above the 50-day moving average, with a potential rally to $40, a 65% gain from the current level.

Avalanche (AVAX) price is showing signs of a potential breakout as several key metrics surge, indicating a strong recovery for the cryptocurrency. The adjusted stablecoin volume on Avalanche has jumped by 715% in the last 30 days, reaching $131 billion [2]. Additionally, the stablecoin supply on Avalanche has risen by 14% to $1.5 billion [2].

The Avalanche network's decentralized exchange (DEX) volume has been trending upward, with protocols on the chain processing transactions worth over $7.7 billion in July and $5.8 billion in August [2]. These positive developments suggest enhanced utility and growth for the Avalanche ecosystem.

Technically, AVAX has formed a bullish double-bottom pattern at $15.60, its lowest level in both May and July [2]. The cryptocurrency is currently trading above the 50-day moving average and is about to flip the neckline at $27.4, which would confirm a bullish breakout [2]. The distance between the neckline and the double bottom is approximately 43%, suggesting a potential rally to $40, a 65% gain from the current level [2].

The technical outlook for AVAX remains mixed, with the Relative Strength Index (RSI) at 57, indicating increased buying pressure, and the Moving Average Convergence Divergence (MACD) maintaining an uptrend but lacking swiftness [1]. However, a decisive push above the 38.2% Fibonacci level at $25.50 could prolong the recovery run and target the 50% retracement level at $29.43 [1].

Avalanche is also entering the tokenized assets industry, with Dinari Financial Network announcing the launch of the first order book for U.S. stocks on the Avalanche network [1]. Additionally, Avalanche has announced the arrival of AAA-rated Collateralized Loan Obligations (CLOs) worth over $21 billion from Grove.finance to its Decentralized Finance (DeFi) ecosystem, further boosting its ecosystem [1].

Whales holding AVAX and Binance Coin (BNB) are quietly building positions in MAGACOIN FINANCE ahead of its rumored Tier-1 exchange debut, indicating strong bullish momentum for both cryptocurrencies [3]. The combination of technical strength, expanding real-world asset (RWA) presence, and limited exchange inflows creates a favorable environment for sustained accumulation, particularly from whales looking to capitalize on upcoming catalysts like MAGACOIN FINANCE’s Tier-1 listing [3].

In conclusion, Avalanche (AVAX) price is poised for a breakout as key metrics surge, indicating a strong recovery for the cryptocurrency. The adjusted stablecoin volume, DEX volume, and stablecoin supply growth, along with the bullish double-bottom pattern and technical indicators, suggest a potential rally for AVAX. The entry into the tokenized assets industry and whale accumulation in MAGACOIN FINANCE further support the bullish outlook.

References:
[1] https://www.fxstreet.com/cryptocurrencies/news/avalanche-price-forecast-avax-rebounds-as-dinari-global-brings-us-tokenized-stocks-on-chain-202508150902
[2] https://crypto.news/avax-price-on-the-cusp-of-a-breakout-as-key-metric-surges-715/
[3] https://en.bitcoinsistemi.com/avax-bnb-holders-accumulating-this-hidden-presale-before-tier-1-exchange-launch/