$AVAX Eyes Higher Low Formation After Week-Long Consolidation — Is a 22% Rally on the Table?

Avalanche’s on-chain activity has declined, with transactions dropping 48% and active addresses down 37%, but developer calls have increased. Standard Chartered has projected $AVAX could climb to $250 by 2029, helped by modular scaling, Bitget’s India initiative and a proposed Grayscale ETF.