Avalanche flows exceeding 120 million dollars, Longs reach by 76 %: Avax Breakout forward? star-news.press/wp

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Avalanche increased by 35 %, led by a $ 120 million liquidity flow, 20 million daily transactions, and social tinnitus. Technical financing and upscale financing rates indicate that AVAX may aim to resist $ 26.94 for more upward trend.

Avalanche (AvX) It has dominated the net liquidity flows over the past thirty days, attracting more than $ 120 million, watered the UNICHAIN, SEI (SEI) and Aptos (Apt) with a wide margin.

This capitalist flow reflects the high investor confidence across the series in AVAX, especially amid changing total conditions and regeneration of risk appetite.

The increase coincides with the increase in the participation of the ecological system, indicating that market participants may take turns ice collapse in anticipation of penetration.

At the time of writing this report, Avax was traded at a price of $ 24.79, an increase of 9.07 % over the past 24 hours, indicating a short -term bullish condemnation as this flow begins to translate into ascending work.

Have Ofax finally survived from the rolling direction?

AVAX has exploded decisively from its symmetrical channel, which had been held since December 2023. This penetration represents a major technical shift and opens the door to a possible step towards the resistance area of $ 26.94.

Historically, these exits from the descending channels sparked the grooves paid momentum, especially when they are accompanied by strong requests.

Moreover, the penetration was supported by high volume and tightening the price before the penetration.

Therefore, the technical hacker not only explodes the previous downward pressure, but also provides the possibility of a rise in the middle of the period.

Source: Santime

Is the rise in social gossip to this step?

Santiment data shows that AVAX social dominance increased sharply to 0.729 %, at the time of the press, its highest level in more than two months. Social activity tends to precede or accompany speculative waves, especially in Altcoins.

This height in gossip indicates that more participants pay attention to the collapse, which increases the possibility of more momentum.

The rise is in line with the profit of AVAX prices by 9 %, which constitutes the reactions between price performance and retail interest.

Thus, the height of social traction can be the back wind, attract new flows and increase the market participation.

Source: Santime

Does bulls regain control of the financing scene?

Funding rates have turned through positive stock exchanges after being largely negative throughout the second quarter. At the time of writing this report, the combined AVAX financing rate has turned into green, reflecting the budget between permanent merchants.

This shift indicates that buyers are ready to pay to maintain their long exposure. Historically, prolonged negative funding for a long time referred to a positive way to the transformation of the market.

Therefore, this change not only reduces the pressure of the negative side, but also confirms that derivative traders expect the bullish trend in the short term.

Source: Santime

Does the long/short -condemnation ratio confirm?

According to Binance data, long accounts dominated 75.98 %, with the long/short percentage reaching 3.16 at the time of writing this report.

This strong deviation indicates that retail and institutions alike are placed to achieve other gains.

Although the crowded long trade can call for fluctuations, the stability of the current financing rate and modest liquidation levels (short $ 2.2 million for $ 178 thousand) indicate a healthy location environment.

Therefore, the prevailing feelings indicate a high confidence instead of reckless abundance, which enhances the possibility of continuing the upward trend.

Source: Coinglass

Can AVAX maintain its progress and break over $ 26?

Avalanche dominance in liquidity flows, collapse from the multi -famous downtown direction, and the increase in social tinnitus indicates a continuous potential gathering.

Positive funding and long/short/short -term condemnation increases across the markets.

However, the resistance of $ 26.94 is still a critical obstacle. If the bulls recover and hold them above this level, AVAX can extend its gains and create a stronger oud structure in the short term.