Avalanche inflows surge past $120M, longs hit 76%: AVAX breakout ahead?
2025-07-18 14:17:46
Main Idea
Avalanche (AVAX) has experienced significant liquidity inflows and price surges, breaking out of a long-term downtrend, with indicators suggesting potential further upside.
Key Points
1. AVAX surged 35% with over $120 million in liquidity inflows, outpacing competitors like Unichain, Sei, and Aptos.
2. AVAX broke out of a descending channel from December 2023, with the next resistance level at $26.94.
3. Social Dominance spiked to 0.729%, aligning with a 9% price gain, indicating strong market sentiment.
4. Funding Rates turned positive, reflecting bullish bias among traders, with long accounts dominating at 75.98%.
5. The breakout is supported by rising volume and price, with modest liquidation levels suggesting a healthy positioning environment.
Description
AVAX surges as liquidity flows, sentiment, and technicals converge for a potential breakout above $26.
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