AVAX Soars 168% as DOGE Rekindles Institutional Interest

Avalanche (AVAX) is hovering around $24.37, facing resistance at $26–$30. Analysts point out weakening RSI and suggest possible dips to $23.43 or even $19.20.

Avalanche (AVAX) is showing signs of consolidation after a 168% surge in network activity this week pushed some analysts to predict a drop to $19.20.

After bouncing off lows of $23.43, AVAX is currently trading around $24.37, facing resistance at $26–$30.

ChartProtector notes that the Relative Strength Index (RSI) is becoming oversold, suggesting a potential pullback. Additionally, Fibonacci levels indicate a drop to $23.43, with further support at $19.20 if that's breached.

However, despite the short-term technical struggle, there are signs of strength in the broader network health.

Avalanche clocked a 168% weekly jump in activity, outperforming platforms like BNB Chain and ZKsync, as highlighted by blockchain analytics firm Messari.

This surge in usage is also fueling long-term optimism.

Models by DigitalCoinPrice predict AVAX could reach $55.96 by 2025, with the most bullish scenarios from PricePredictionNet aiming for highs of $100 by 2024.

Whether it hits those highs will depend on sustaining this activity level and broader market support.

While AVAX consolidates for now, its rising on-chain usage shows it’s still a strong player among layer 1 chains.

Dogecoin Surges 528% in Activity

Dogecoin (DOGE) is heating up again, currently trading around $0.2288.

The renewed surge follows the filing of U.S. exchange-traded fund (ETF) applications by Grayscale, Bitwise, and 21Shares.

This news has brought renewed institutional attention, and the on-chain metrics are showing it.

Over 600 million DOGE were scooped up by "whales" in just two days, according to on-chain data from Bitscreener. At the same time, active addresses on the Dogecoin network soared 528% to 469,000+.

Short-term forecasts place DOGE between $0.26 and $0.28, according to analysts. Meanwhile, some bullish analysts are seeing long-term highs near $0.731.

Retail interest is also growing as trading volumes pick up again.

Dogecoin continues to show it’s not just a joke; it’s a liquid, fast-moving asset that responds quickly to news, especially when it includes big market names like ETFs.

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