Avalanche Avax is currently performing better than top cryptocurrencies, such as Bitcoin BTC Ethereum ETH XRP and others, on daily charts. In almost all timeframes, the asset trades in the green. According to CoinGecko, AVAX’s price has surged 7% in the last 24 hoursIn the past week the asset has gained 4.7%, in the charts for the next 14 days it is up 4.8%, and in the month before that, the asset was down 4.6%. The asset has still fallen by over 45% from April 2025, despite the sharp rebound. Let’s discuss why AVAX is rallying today, and if the upswing can sustain itself.
Why does Avalanche perform better than Bitcoin and Ethereum?
Avalanche has been a strong performer in the past few weeks even though the market is down. But the price of $10 represents a significant barrier to the growth.
AVAX’s latest price surge could be due to a number of factors. Bitcoin (BTC), is attempting to breach $70,000 for a second time. BTC’s rally may have boosted inflows for AVAX as well. AVAX has also seen a significant increase in on-chain activities. AVAX has seen an increase in institutional interest, which could have contributed to this rally. AVAX also has seen real-world usage cases in the recent past.
Avalanche Avalanche announced that it has launched its own Avalanche Retro9000 C-Chain Round 2 applications. In Round 2, two multipliers are introduced, as is a new reward structure. Investor sentiment towards AVAX may also have been boosted by this development.
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Avalanche’s rally has been laudable but it is still unclear whether the Avalanche (AVAX), can maintain its upward trend. Crypto market remains in a bearish state and another correction could be coming soon. Bitcoin (BTC), though unsuccessfully, has tried to breach $73,000-$74,000 multiple times. BTC may be unable to continue its bullish trend until it breaks through the $73,000-$74,000 level of resistance. Given the general bearish market environment, uncertain geopolitical developments in the Middle East, and growing macro worries, AVAX’s price may face a rejection at its current resistance of $10.
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Source: watcher.guru
