AVAX eyes the 14.47 dollar target after a 2.47 percent jump! What are investors focusing on now?

Cointurk2026/07/04 14:21

By:Cointurk

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Avalanche’s native token AVAX is currently testing a critical resistance area, with market watchers closely analyzing its price dynamics and underlying network activity. While a consolidation phase has persisted, renewed buying could accelerate a short term rebound, but failure to break through this resistance may see the price remain range-bound for now.

Resistance test and current price action Payments initiative targets over 150 countries Market attention shifts to price and network developments

Resistance test and current price action

In the past 24 hours, AVAX has climbed 2.47 percent and is now trading at 6.96 dollars. The daily trading volume stands at 254.63 million dollars, and the market capitalization hovers around 3 billion dollars. This recent movement reflects a blend of technical stabilization alongside notable developments within the Avalanche network.

According to data from More Crypto Online, AVAX is at a decisive technical crossroad as it tests its first major resistance level. Observers believe that a sustained breakout above this barrier could inject new strength into the buyers’ side, potentially paving the way for a sharper recovery in the near term.

More Crypto Online reports AVAX is testing a key resistance, and if this level is breached, the short term recovery could gain significant momentum.

Conversely, if buyers do not show sufficient strength, the current period of low volatility is expected to stretch out. Analyses referencing the Elliott Wave IV correction point to a bullish scenario with a key target of 14.47 dollars. However, confirmation of this outlook depends strongly on continued buying pressure at these levels.

Indicator Level

Current price	6.96 dollars
24 hour change	2.47 percent rise
24 hour volume	254.63 million dollars
Market capitalization	3 billion dollars
Key target	14.47 dollars

Payments initiative targets over 150 countries

Avalanche has also launched a new partnership initiative named Payments Collective. This collaboration brings together payment infrastructure providers to facilitate fund transfers across more than 150 countries. With its high speed blockchain, Avalanche serves as a key layer one platform for decentralized applications and financial solutions.

The initiative’s goal is to foster collaboration among fintech firms and pioneering financial institutions, with the aim to accelerate blockchain based payment systems. Central to its mission is delivering faster cross border settlements, enhanced scalability, and more efficient payment flows on a global scale.

Avalanche Payments Collective seeks to simplify fund transfers across over 150 countries and accelerate the adoption of blockchain powered global payment solutions.

Companies behind this project are aiming to expand blockchain’s presence in global finance and play a key role in the next evolution of payment innovation. The structure is expected to promote adoption of blockchain for international transfers, settlement processes, and decentralized finance driven payment systems.

Market attention shifts to price and network developments

The recent uptick in AVAX price has also been influenced by the prevailing positive sentiment in the broader crypto market, largely led by Bitcoin’s upward momentum. This favorable market atmosphere is encouraging greater risk appetite towards altcoins, including AVAX.

Looking ahead, investors will keep a close eye on two main factors. First, whether AVAX can break through its resistance zone backed by strong volume. Second, adoption rates of the Avalanche Payments Collective. Increased payment activity could spark more sustained demand for the AVAX token over the long run.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.

华尔街见闻•2026/11/11 21:18

Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.

华尔街见闻•2026/11/11 21:18

No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029

Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?

The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.

华尔街见闻•2026/11/11 21:18