Avalanche (AVAX) has recorded a price increase of 4.21% today, July 21, to trade at $25, its highest price in two months. Because of these gains, AVAX price is now trading close to the resistance of a double bottom, and if it can make a strong move above this resistance, considering that network activity is rising, it might rally by 82% to the highs last seen during the last quarter of 2024.
AVAX Price Targets 80% Double-Bottom Breakout Rally
The gains by ETH price this month have not only boded well for most altcoins, but also caused the recovery of layer one tokens that were previously performing poorly. AVAX is one of these tokens, and it is showing signs of performing well during the third quarter of 2025 as the crypto market rises, because of the weekly setup that shows bullish traders are slowly regaining control.
These traders are likely trading the double bottom that was established when the AVAX price confirmed support at $14.75 during two downtrends. When the price dropped to this support level in April 2025 and again in June, it bounced back up, making it likely that buyers were accumulating at that level.
Following the gains that the Avalanche price has recorded over the last month, bulls are targeting the resistance at $26.88, which will be used to confirm if the bullish momentum is strong enough to support a long-term rally.
The surge from the support level of $14.75 to the $26.88 resistance is nearly a twofold increase, and if buying pressure pushes the price above this hurdle, another 82% surge to $48 could occur. At $48, AVAX price will be trading at its highest level since December 2024, indicating that the double bottom rally will be the same as the gains recorded in Q4 2024.
The chances of AVAX repeating the same rally it made between October 2024 and December 2024 are also high because currently, the RSI is making the same crossover that it did last year. The indicator’s move above 50 for the first time since January shows that buyers have become increasingly active, and this affirms a bullish Avalanche price prediction.
Avalanche DeFi TVL Hits $1.89B
As aforementioned, layer one networks are benefiting from the ongoing Ethereum rally, and the evidence for this lies in the rapid increase in the DeFi TVL for the Avalanche blockchain. According to data from DeFiLlama, Avalanche has seen its TVL increase from $1.38 billion to $1.89 billion within one month, which is a 37% increase.
This rising activity is also bullish for the AVAX price because it could boost confidence about the token sustaining its gains in the long term, even if the current buying pressure subsides. Moreover, when more people are using the network, the demand for AVAX also rises, and this might also be a factor that will influence gains in the future.
Therefore, AVAX, currently ranking as the 16th largest crypto by market cap, could record higher gains than other tokens as traders continue to buy, anticipating gains from the double bottom. The soaring network activity will boost this surge in price.
Frequently Asked Questions (FAQs)
AVAX price is gaining today because of the gains across the altcoin market and increased interest in layer one tokens.
AVAX may sustain its rally if it continues trading within a double bottom pattern and overcomes resistance at $24.88.
The rising network activity is bullish for AVAX because it shows that demand for the token is notably high.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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