Avalanche (AVAX) is currently trading at $14.72, up 2.84% in the last 24 hours. Market activity, however, softened, with trading volume slipping 7.97% to $577.63 million. Despite the day’s uptick, the token remains 14.03% lower over the past week, reflecting broader market volatility. AVAX Tests Key Support in Descending Channel According to crypto analyst Butterfly, […]Avalanche (AVAX) is currently trading at $14.72, up 2.84% in the last 24 hours. Market activity, however, softened, with trading volume slipping 7.97% to $577.63 million. Despite the day’s uptick, the token remains 14.03% lower over the past week, reflecting broader market volatility. AVAX Tests Key Support in Descending Channel According to crypto analyst Butterfly, […]

Avalanche Set for Explosive Rally? AVAX Eyes Powerful Jump Toward $48

2025/11/19 16:00
  • Avalanche (AVAX) edges higher despite recent weekly losses, buoyed by technical signals.
  • Analysts highlight a potential bullish reversal if buying pressure strengthens.
  • The forthcoming Granite upgrade is expected to significantly improve speed, fees, and security across the Avalanche ecosystem.

Avalanche (AVAX) is currently trading at $14.72, up 2.84% in the last 24 hours. Market activity, however, softened, with trading volume slipping 7.97% to $577.63 million. Despite the day’s uptick, the token remains 14.03% lower over the past week, reflecting broader market volatility.

Source: CoinMarketCap

AVAX Tests Key Support in Descending Channel

According to crypto analyst Butterfly, AVAX is currently testing the lower boundary of a descending channel pattern on the three-day chart. This setup, often associated with accumulation phases, suggests that buyers may be quietly positioning for a reversal. 

Butterfly notes that if buying pressure strengthens at this level, AVAX could stage a swift upward breakout, potentially aiming for the $48 region. While such a move would require a decisive shift in sentiment, the confluence of technical support and upcoming network developments is fueling speculation of a possible rebound.

Source: X

Also Read | Can Avalanche (AVAX) Regain Momentum in November 2025? Market Signals Explained

Avalanche Granite Upgrade Set for Launch This Week

Adding momentum to the bullish sentiment is the imminent rollout of the Avalanche Granite upgrade, a major technological milestone scheduled for launch this week. The update has generated widespread enthusiasm, with developers and users anticipating a significant leap in network performance.

The Granite upgrade focuses on three core advancements. The first is a dramatic improvement in transaction finality, reducing confirmation times to under two seconds. This enhancement is expected to streamline activity across trading platforms, decentralized applications, and enterprise solutions.

The second breakthrough comes in the form of lower cross-chain fees, a change aimed at making asset transfers between subnets and external networks more practical and cost-efficient. Analysts believe this could stimulate broader adoption among smaller investors and strengthen interoperability across the crypto space.

The final pillar of the upgrade, biometric data signing, introduces a new security model. Users will be able to confirm transactions through fingerprint or facial recognition, blending modern authentication tools with blockchain’s decentralized architecture. Industry observers say the feature could set a new security benchmark across competing networks.

Complex Deployment Challenges for Developers

While anticipation is high, successful deployment remains a complex undertaking. Developers are monitoring compatibility across existing applications and preparing for short, temporary adjustments during the transition phase. Users are encouraged to update wallets, follow official notices, and familiarize themselves with new security and transaction processes.

With its strengthened technical foundation and renewed market focus, Avalanche enters a pivotal moment. If the upgrade delivers as promised, and if market demand follows, AVAX may find itself positioned for a meaningful recovery in the weeks ahead.

Also Read | Avalanche (AVAX) Price Outlook: Symmetrical Triangle Points to $120 Rally

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Latin America’s Crypto Adoption Breakthrough: 116% Growth in 2024 and 57 Million Users Fueled by Regulation

Latin America’s Crypto Adoption Breakthrough: 116% Growth in 2024 and 57 Million Users Fueled by Regulation

The post Latin America’s Crypto Adoption Breakthrough: 116% Growth in 2024 and 57 Million Users Fueled by Regulation appeared on BitcoinEthereumNews.com. According to a Bitso-compiled dataset and corroborating Coinchange Regulatory Report, Latin America is entering a notable year for cryptocurrency adoption, with 2024 showing a 116% growth and the first half of 2025 adding another 65% surge, lifting regional users beyond 57 million. The momentum reflects a shift toward institutional-grade activity and a more resilient market structure as digital assets gain mainstream traction. A steadier regulatory environment, coupled with market maturation and targeted policy steps in major markets, has underpinned this expansion. Regional leaders cite reforms such as Brazil’s 2022 Law No. 14,478 establishing a crypto framework, the 2023 FinTech Law in Chile, and Mexico’s 2018 FinTech Law as foundational pillars that enable safer access to digital assets. Industry observers argue that Latin America is increasingly poised to become a strategic hub for global financial innovation and digital asset solutions, with Bitso’s ongoing regulatory dialogue viewed as critical to balancing innovation with consumer protection in the evolving crypto landscape. Source: https://en.coinotag.com/breakingnews/latin-americas-crypto-adoption-breakthrough-116-growth-in-2024-and-57-million-users-fueled-by-regulation
Share
BitcoinEthereumNews2025/11/20 13:40
XRP Corrective Path Clears: Market Poised For A Drop Toward $2.03

XRP Corrective Path Clears: Market Poised For A Drop Toward $2.03

XRP’s price action continues to follow a clear corrective structure, setting the stage for a potential drop toward the key $2.03 support level. With momentum cooling and Wave 2 behavior unfolding as expected, the market may be preparing for one final dip before the uprend shift emerges. Wave 2 Dynamics: Why XRP’s Choppy Pullback Is Completely Normal CasiTrades, a well-followed crypto analyst, noted in a recent market update that XRP still appears to be navigating its way toward the macro 0.5 Fibonacci retracement level at $2.03. According to the analyst, the current price action aligns perfectly with the expected behavior of a Wave 2 correction-slow, choppy, and far from a straight drop.  Related Reading: XRP Price Battles Breakout Resistance With Momentum Showing Mixed Signals In the breakdown, CasiTrades highlighted that the only factor capable of invalidating a retest of the $2.03 zone would be a clean and decisive breakout above the macro 0.382 Fibonacci resistance at $2.41. That point continues to serve as XRP’s defining threshold. As long as the price trades below $2.41, the chart structure strongly favors a continued downward drift, with a final tap of the 0.5 retracement level. She also pointed to a deeper macro target at $1.65, which aligns with the 0.618 Fibonacci level, another common landing point for Wave 2 pullbacks. The analyst explained that the longer XRP stalls beneath key resistance zones, the more likely it becomes that the price may need to dip to this lower support to build enough strength for a true reversal. CasiTrades stressed that a move to $1.65 would not signal weakness. Instead, such a drop could provide the ideal springboard for a powerful macro Wave 3 into new all-time highs.  Smart Money Zones: Why Accumulation Happens Before The Breakout According to CasiTrades, now is not the moment to complain about XRP’s price behavior—this is the phase where informed accumulation takes place, at the key Fibonacci levels, not the breakout stage. The market has been in a prolonged range for months, and each interaction with $2.41 (.382), $2.03 (.5), and $1.65 (.618) presents another strategic opportunity to build positions ahead of the next major cycle. Related Reading: XRP Price Aims for Another Bullish Wave — Momentum Strengthening CasiTrades emphasizes that the broader market is already showing early signs of shifting momentum. Several micro-cap tokens have begun to post explosive moves, which is rarely random. These early breakouts signal that the market is preparing for its next significant trend phase. In this context, XRP is not lagging; it is simply completing its corrective structure before aligning with the wider market’s momentum. The analyst emphasizes that patience and discipline are essential at this time. Featured image from Adobe Stock, chart from Tradingview.com
Share
NewsBTC2025/11/20 13:00