Direct answer
Short covering or altcoin rotation into mid-caps could trigger a dead-cat bounce toward 7.30-7.40. Subnet adoption headlines may spark brief buying.
Most likely bullish catalysts
Subnet adoption surge
Improving subnet adoption surge can support a stronger bid in Avalanche.
Institutional accumulation
Improving institutional accumulation can support a stronger bid in Avalanche.
Altcoin rotation into AVAX
Improving altcoin rotation into avax can support a stronger bid in Avalanche.
What confirms the rally
- Confirm the move is supported by subnet adoption rather than a thin short squeeze.
- Check whether leadership across related crypto markets is also improving.
- Only trust continuation if the chart holds gains after the first impulsive push.