Avalanche's blockchain has achieved a significant milestone, surpassing 8 billion transactions this week. The AVAX token price has stabilized above the $16 mark, a crucial support level, indicating potential for a bullish reversal. Analysts highlight that if this support holds, AVAX could rebound to the $18–$20 range. The network's increased transaction volume and whale accumulation are seen as positive indicators of investor confidence and long-term growth prospects for Avalanche.