<ul data-eligibleForWebStory="false">Avalanche's L1 ecosystem experiences explosive growth with monthly active addresses surpassing 6 million.AVAX shows signs of recovery towards $27 fueled by on-chain activity and technical setup.Technical analysis suggests AVAX could reach $85 in a multi-leg rally with institutional catalysts.The potential Wyckoff accumulation pattern and ETF approval could further strengthen AVAX's position.