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AVAX on-chain activity surpasses 1.7 million, large investors continue to position around the $12 support level
【Crypto World】Avalanche has been performing quite well recently, backed by real on-chain application activity. In DeFi, tokenization, and real-world assets, the number of daily active addresses has already surpassed 1.7 million, indicating that it’s not just hype but genuine usage.
From a funding perspective, buying pressure has been dominant, especially with large holders frequently accumulating near $12. This doesn’t seem like short-term speculation but rather a sign of confidence in long-term prospects. AVAX’s current structure above $12 remains bullish, but where is the real breakout point? It must first break and hold above $15.36. Once that level is successfully broken, $18.52 becomes the next target. The key is to regain stability and confidence in the market; with sufficient confidence, the upward space will naturally open up.