The price of Avalanche’s token, AVAX, has gone up by over 39% in the past month, with strong momentum and even beating major tokens like Bitcoin in performance. Bitcoin has only surged by about 12.92%.
Currently, AVAX is trading at $24.9 after a 5.68% increase in price in the last 24 hours. The market cap is sitting $10.54 billion, which is a 5.58% surge over the same period. However, trading activity has dropped by 52%
The price jump came after the token broke out of a long-term downward trend. Traders often see this kind of breakout as a sign of a possible trend change. When tokens break out of a “descending channel,” it often gets attention from buyers who see it as a chance for gains.
Ted Pillows, a trader partnered with exchange platform OKX, said this is a real breakout moment. “The AVAX breakout has finally happened,” Pillows suggests that the token could reach a short-term target between $32 and $35 in the next 1-2 weeks.
According to DeFiLlama, the total value locked (TVL) on its DeFi protocols has more than doubled. In early 2025, TVL stood at 37 million AVAX. That number has now reached around 76.4 million AVAX.
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