Avalanche C-Chain Smashes 950M Transactions as AVAX Secures Critical $9 Support Zone
Avalanche's C-Chain just blasted past a major milestone—950 million transactions—while its native token, AVAX, digs in above the crucial $9 level. This isn't just network activity; it's a statement of utility.
The Infrastructure Flex
The C-Chain, Avalanche's EVM-compatible workhorse for smart contracts and DeFi, is processing volume that would make older chains blush. Hitting 950M transactions signals more than just growth—it's a stress test passed, proving the network can handle real demand without the gas fee nightmares of its predecessors. Developers aren't just experimenting; they're deploying.
The Price Foundation
Meanwhile, AVAX isn't just floating aimlessly. Building a base above $9 creates a technical floor—a zone where buyers consistently step in. It's the kind of price action that turns a bounce into a sustainable trend. In a market where many altcoins are still searching for direction, AVAX is quietly drawing its lines in the sand.
The Bigger Picture
This dual strength—robust network usage and stable token price—feeds a powerful flywheel. More transactions attract more builders, which builds more applications, which in turn demands more AVAX. It's a self-reinforcing cycle that bypasses the hollow hype plaguing other projects. While some chains boast about 'partnerships' you'll never see, Avalanche is racking up verifiable on-chain activity.
The takeaway? While traditional finance wrestles with quarterly earnings and stock buybacks, Avalanche is executing on the only metric that matters in crypto: actual, measurable use. The 950M transaction mark isn't a ceiling—it's a launchpad. Watch that $9 zone; hold there, and the next leg up gets a whole lot more interesting.
AVAX Price Outlook: Long-Term Structure Builds Momentum
However, the crypto analyst, Crypto Patel, revealed that Avalanche (AVAX) is currently in a strong accumulation zone on the weekly chart, having come down from its all-time high in 2021. The repeated reactions in the demand zone between $12 and $9 make a strong case for accumulation, and the recent sweep of liquidity in the same region NEAR strong support levels could be a smart money accumulation play.
Source: X
Even with this level of macro resistance against the descending trendline, a close above $20 is a positive sign of increasing strength. Provided AVAX stays above $8.50, the overall bullish bias is maintained. Additionally, levels of $32, $58, $115, and even $200 remain as potential upside targets.
AVAX Weekly Chart Signals Growing Bearish Pressure
Currently, Avalanche (AVAX) on the weekly chart is strongly under the dominance of a bearish trend, with the price being well below major moving averages. The price is now testing the lower Bollinger Band, clearly indicating a strong downtrend. Also, the fact that Avalanche failed to hold its position above the $19-$21 level has clearly established the same as a strong resistance region.
Source: TradingView
In terms of Bollinger Band analysis, AVAX appears to be trending downward, with its Bollinger Bands expanding to the downside, and such a trend could continue. The strong downtick to the vicinity of the $14 level indicates a lack of support for AVAX, whose strong support levels are $12 and $10. AVAX needs to recover to the $17.50-$19 range.
Also Read: Avalanche (AVAX) Momentum Builds: $18.65 Target in Sight!