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AVAX rallies 3 days amid 360% surge in real-world asset volume and rising whale activity, eyeing $7.20 target.

Protocol Fundamentals
16 Aug 2026
AMBCrypto
View Source
Bullish
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Avalanche (AVAX) has extended its bullish run for three consecutive days after bouncing off pennant support around $6.14. This price recovery coincides with a 360% increase in real-world asset (RWA) transaction volume on the Avalanche network, reaching $365.29 million in 30 days, signaling strong fundamental growth. Additionally, whale orders in both spot and futures markets are rising, indicating increased interest from large investors. The next key resistance and target for AVAX bulls is around $7.20, where a significant liquidity cluster of $1.13 billion exists. A confirmed breakout above the pennant's upper resistance is needed to validate this bullish momentum and potentially push prices higher.

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