Avalanche (AVAX) experienced a remarkable September, with DEX trading volume reaching a three-year peak and a billion-dollar treasury deal. Additionally, interest from ETF issuers in AVAX is on the rise.
Simultaneously, technical indicators suggest that AVAX is at a pivotal point for a potential breakout if it sustains key support levels. This scenario fosters expectations for a new growth phase for Avalanche in the medium term.
Avalanche’s Key Events and Notable Figures
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In September, the Avalanche (AVAX) ecosystem saw impressive metrics following a period of stagnation. Official statistics reveal that DEX trading volume on Avalanche hit $17.4 billion, marking the highest level in three years.
Data from DefiLlama indicates that Avalanche is currently the 7th largest platform by DEX trading volume over the last 30 days.
In just the last 24 hours, DEX volume on Avalanche reached nearly $690 million, this illustrates a return of liquidity and confirms user confidence in the chain’s DeFi infrastructure.
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“Avalanche doesn’t slow down, if anything, we’ve got our pedal to the metal,” an optimistic X user shared.
Another significant announcement is that Avalanche Treasury Co. (AVAT) entered into a $675 million merger deal with Mountain Lake Acquisition Corp., aiming to secure over $1 billion worth of AVAX in its treasury following its anticipated Nasdaq listing in Q1 2026.
This move is viewed as a strategic effort to institutionalize capital inflows into the Avalanche ecosystem, setting the stage for substantial investments in RWA, stablecoins, and payment infrastructure.
Moreover, as reported by BeInCrypto, Avalanche is broadening stablecoin payment adoption in South Korea and Japan, thereby enhancing the blockchain’s real-world use cases. In traditional finance, firms like VanEck, Grayscale, and most recently Bitwise are moving forward with applications for AVAX ETFs, signaling increasing institutional interest in the token.
In just one month, Avalanche has aligned three vital factors: soaring on-chain liquidity, a large-scale strategic treasury, Anthony Scaramucci’s investment, and evident signs of institutional capital interest. Together, they create a solid foundation for AVAX to reclaim its standing in the crypto market.
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Price Outlook Through the Lens of Technical Analysis
As of now, data from BeInCrypto shows AVAX trading around $30.62, reflecting a 2% increase in the last 24 hours and nearly 30% in the past month.
A trader on X observed that the support level stands at $23.06, while the resistance level is $36.14. Based on RSI, MACD, and Bollinger Bands indicators, the prevailing tendency suggests a bearish trend.
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Another analyst on X noted that AVAX has just achieved a “resistance flip,” where a prior resistance area turns into support. The critical price level now is $27; if AVAX remains above this mark, short-term and medium-term upward trends will stay intact.
“This has been an outperformer lately, so I have to assume it will continue to outperform for the time being,” the analyst commented.
However, potential risks must be considered. Large-scale initiatives like AVAT require time to come to fruition. Any delays or macroeconomic volatility in traditional markets could place downward pressure on AVAX.
Conversely, the FOMO sentiment following ETF and stablecoin payment announcements may already be factored into the price, amplifying the importance of the $27 support level.
