Avalanche (AVAX) saw a nearly 8% price spike in 24 hours, reaching a high of $20.90.
Avalanche's monthly active wallets have surged over 400% since May, exceeding 2.2 million users.
Avalanche's network is experiencing a significant rise in user activity, driven by DeFi ecosystem improvements and increasing liquidity.
AVAX is eyeing a bullish reversal, with key resistance levels at $21.75, $22.65, and $23.35, supported by positive technical indicators signaling potential for an uptrend.