TLDR
- AVAX is trading near $6.49 with a market cap of around $2.80 billion and daily volume of $177 million.
- A double-bottom pattern and bullish divergence on the 4-hour chart point to a possible recovery toward $7.00.
- Whale Oxadd dumped over $1.1 million in AVAX on Coinbase, adding short-term selling pressure.
- Avalanche’s RWA value hit $2.1 billion, up 60.47% in 30 days, moving it into the top 5 RWA networks.
- BlackRock’s BUIDL fund on Avalanche has grown past $900 million, with Bridgetower tokenizing $11 billion+ in real-world assets on the network.
AVAX is trading near $6.49 after a quiet 24-hour session. The token is showing early signs of technical recovery while fresh whale activity is adding some caution to the near-term outlook.
The market cap sits around $2.80 billion, with daily trading volume close to $177 million. Price bounced from a low near $6.37, suggesting buyers are stepping in around the current support zone.
The $6.35 to $6.40 range is acting as immediate support. Holding above this area could allow AVAX to push toward resistance at $6.65 and $6.80.
Trader Symba flagged a potential double-bottom forming on the short-term chart, with two similar lows suggesting sellers may be losing pressure. A move above $6.80 would confirm the pattern and open the door toward $7.00.
We are seeing a good bounce from $AVAX this morning 😍
Short-term double bottom ✅
Back to the trend and higher should it go! pic.twitter.com/9Ec2NdxR1l
— Trader Symba (@Nebulabsxyz) July 13, 2026
On the 4-hour chart, CryptoJack identified a bullish divergence, with price making lower lows while momentum shows higher lows. This points to weakening selling pressure even if price hasn’t reversed fully yet.
Whale Activity Adds Pressure
Whale tracker Nazoku reported that whale Oxadd deposited more than $1.1 million worth of AVAX on Coinbase within a single hour. Large exchange deposits are often read by traders as a signal of potential selling.
The same report noted a North America-based whale unstaked nearly 3 million AVAX, worth roughly $20.15 million, from Benqi Finance and moved it to a new wallet. That move raised concerns about further supply hitting the market.
Analyst Michaël van de Poppe pointed to rising ecosystem activity on Avalanche, including stablecoin supply growing 48% in one week and BlackRock’s BUIDL fund expanding by more than 100% in the same period. Van de Poppe suggested that if AVAX builds strength from its current base, the price could eventually target the $10.50 region.
I don't think we'll see $AVAX at these prices for very long.
➡️ – Stablecoin supply surged with 48% in a week.
➡️ – BlackRock's BUIDL fund has grown by more than 100% in a week.
The activity continues to expand on $AVAX, a strong signal of adoption and ecosystem growth.… pic.twitter.com/ylxPlmgy5P
— Michaël van de Poppe (@CryptoMichNL) July 13, 2026
RWA Milestone Adds Institutional Backdrop
On the institutional side, Avalanche’s real-world asset value reached $2.1 billion, up 60.47% in 30 days per RWA.xyz. That pushed the network past Liquid Network into the top 5 RWA blockchains globally.
Morgan Krupetsky, VP of Business Development at Ava Labs, stated on X: “Avalanche now ranks among the top five blockchain networks for tokenized assets (RWAs) by both distributed and represented value… This is still just the beginning.”
Avalanche now rank among the top five blockchain networks for tokenized assets (RWAs) by both distributed and represented value.@avax has been focused on bringing the world’s assets onchain from day one, and this is still just the beginning.
Across native origination and…
— Morgan Krupetsky (@MorganKrupetsky) July 14, 2026
Bridgetower tokenized over $11 billion in real-world production assets directly on Avalanche on July 13. BlackRock’s BUIDL fund has now crossed $900 million on the network.
The Avalanche Foundation has a $50 million support initiative ongoing for the RWA ecosystem, with additional subnet launches expected in coming months.
AVAX’s key levels to watch: support at $6.35–$6.40, resistance at $6.65–$6.80, and $7.00 as the next recovery target.
