Avalanche's AVAX token attracts the highest net inflows across all tracked chains, signaling increased interest in the ecosystem despite a quiet market.
AVAX's price is approaching key resistance around $18.60–$19 within a falling channel pattern, with potential for a breakout that could lead to a trend reversal.
Speculation is mounting about the possibility of a spot Avalanche ETF by 2025, which could bring significant changes to the AVAX ecosystem and attract traditional and institutional investors.
Technically, AVAX is consolidating around $17, forming a double-bottom pattern with rising volumes, indicating a potential move towards $30 if it can breach the $18.50 to $19.00 resistance level.