Avalanche’s native token AVAX remains bullish above $10.53 after a sharp two-day rally carried it from around $8 to a high of $11.796, according to a Coin Edition analysis. The move decisively cleared the zone that had capped every recovery attempt since June and confirmed that the weekly Bull Market Support Band has flipped from resistance to support.
AVAX is now trading near $11.211 and is up more than 54% in September. The analysis says the bullish outlook stays intact as long as price holds above the breakout level, with the $10.53 area now acting as key support.
Separately, Ava Labs confirmed that the New York Stock Exchange (NYSE) tested its technology for a year, adding to the positive narrative around Avalanche’s enterprise adoption.
However, analyst Michaël van de Poppe is trimming a position from $6.50, saying AVAX is overstretched in the short term after the rapid advance.
