Avalanche (AVAX) Surges 5%: Is This the Start of a Strong October Rally?
- AVAX trades at $30.65 with a 5% daily gain as trading volume climbs to $1.07B, showing renewed demand.
- A weekly decline of 10.68% highlights volatility; support at $29.4 is seen as critical for short-term stability.
- Forecasts show an October range of $29.67–$31.99 and November highs at $32.71, with gains up to 15.35%.
Avalanche (AVAX) is currently trading at $30.65, marking a 5% rise over the last 24 hours. The trading volume has increased by 2.6% and is now standing at $1.07 billion. The move is an indication of new market movements and improved investor involvement. After days of uncertainty, buyers intervened.
Source: CoinMarketCap
The weekly trend continues to be negative. AVAX declined 10.68% in the last seven days. The weakness indicates structural uncertainty. The sudden movements have unnerved the owners and alerted potential buyers. Analysts caution that trend should be vigorous to avoid a more severe pullback.
AVAX Faces Pressure at Key Support Levels
Crypto analyst BullishBanter highlighted that AVAX stands at a stable level of $30.4, with the levels of support at $29.4 and liquidity zones executing above $33.9. Analysts believe that buyers must exert control to drive the price down to the mid-30s. A failure to effectively uphold support can trigger new selling and lead to additional short-term losses.
Source: X
Also Read: Quarter 4 Analysis: Will Ethereum (ETH) Ignite Bullish Surge?
According to Coincodex data, the October predictions indicate further sensitivity. AVAX rose by 28.81% in September. Analysts estimate it to be between $29.67 and $31.99. This mean value might be $30.51, with an increase of 28.11% over the previous month. There is a 4.29% return that investors would get in case such a situation occurred.
November forecasts indicate additional upside potential. Forecasts place AVAX near $32.71. The range extends from $30.45 to $35.38. Investors can expect to make 15.35% at the higher forecast by buying now and selling at those levels. Analysts predict that the result will depend on liquidity and trading momentum.
| Month | Min. Price | Avg. Price | Max. Price | Potential ROI |
|---|---|---|---|---|
| Oct 2025 | $ 29.67 | $ 30.51 | $ 31.99 | 4.29% |
| Nov 2025 | $ 30.45 | $ 32.71 | $ 35.38 | 15.35% |
Open Interest Rises as Trading Volume Declines
CoinGlass data shows a 4.41% decrease in trading volume to $2.26 billion. Open interest grew by 5.15% to $1.53 billion. The OI-weighted funding rate stands at 0.0076%.
Source: CoinGlass
The Liquidations hit $2.90 million within a day. Long positions had lost $662,000, and short positions reduced $2.24 million, taking a bold stand on both ends of the market.
Source: CoinGlass
The short-term prospect is pessimistic. AVAX has rebounded over $30 but with fierce resistance yet. The market projection indicates that it could get better, though the market is still affected by volatility.
The level of support around $29.4 will be important during the next few sessions. Traders and investors will closely observe whether AVAX is able to generate momentum or fall behind the pressure.
Also Read: Celestia Price Analysis: TIA Targets $2.30 After Key Support Test
