Avalanche's AVAX ‘Breakout Finally Happened' After 30% Monthly Price Jump
In the last 24-hour period, AVAX's price dipped around 0.5% to $23.63, but moving the timeline to 30 days shows a major 30.3% rise, slightly outperforming the wider crypto market as measured by the CoinDesk 20 (CD20) index, which rose 30.1%.
During the rise, AVAX's volatility was accompanied by above-average volume, according to CoinDesk Research's technical analysis model.
This kind of price action, where buyers step in quickly at key levels, suggests a growing confidence among traders. The token has recently exited a multi-month descending channel, a technical pattern many traders interpret as a bullish reversal.
Some market analysts, including OKX-partnered trader Ted Pillows, have floated $32 to $35 as a possible short-term target, citing improved sentiment and chart structure. Per Pillows, the 'AVAX breakout has finally happened.'
AVAX's steady climb also comes amid a broader rebound in decentralized finance (DeFi) activity. Total value locked on its protocols, measured in AVAX, has risen from 37 million tokens in early 2025 to around 76.4 million, according to DeFiLlama data.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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