Avalanche’s price struggles at the $27 resistance, currently hovering around $24.43 after a period of accumulation. Recent activity suggests a potential shift towards the $16 support level as selling pressure increases, although significant transaction volume points to higher engagement from existing users. 📈 Despite the challenging resistance level, technical analysis indicates possible upside movement toward the $16 support level following repeated rejections. The AVAX/USDT chart shows consistent rejection at the $27 resistance, with five attempts failing to break above this level. This suggests strong selling pressure in the face of rising user activity. 📊 Following a recent rejection at $26.50, Avalanche is facing a downward trend as it falls from around $25.19 to its current price. The weekly chart shows a sideways market trend between $21 and $27, with support at $21 playing a critical role in determining future price movements. Technical indicators like the RSI are currently neutral, suggesting a potential for price movement above $110 after consolidation. 📈 Grayscale’s filing for an AVAX spot ETF could further influence market activity. The analysis focuses on Avalanche’s active addresses and transaction volume trends, highlighting contrasting patterns with other blockchain networks such as Starknet and Optimism. Active addresses decreased by 13% compared to previous metrics, despite a significant rise in transaction volume (66%). These figures suggest that existing users are engaging more actively within the Avalanche network. However, other blockchains show varying outcomes, with Starknet and Optimism experiencing growing user activity. This underscores the unique dynamics of each ecosystem.