Avalanche (AVAX) is showing signs of recovery as measured by its bubble map, indicating moderate speculative activity and price stability between $20-$30. Recent inflows of stablecoins into the platform have also been notable, surpassing Solana’s activity in the last 24 hours. Avalanche now boasts over $150 million in stablecoin inflows, while Solana sits at around $120 million. This shift reflects a potential market change with increased liquidity and demand. 2023 has seen AVAX consolidate between $10-$20, indicating cooling demand, before seeing the price surge to $60 before retracing, ultimately highlighting its volatility. However, the Avalanche Futures Volume Bubble Map shows that speculative activity remains low at present, suggesting a potential for growth, especially if green zones expand and consolidation support prices around $35-$40. 70% upside potential is anticipated in the short term according to analysts at CLS Global based on the weekly chart, with targets at $27.415 and $28.763, but it all depends on sustained spot demand.