Avalanche (AVAX) is showing signs of a potential recovery as buyers defend a key support zone, with a developing double-bottom pattern suggesting a possible bullish reversal. Meanwhile, growing activity in tokenized assets, payment flows, and institutional products is expanding Avalanche’s ecosystem and strengthening its presence in blockchain-based financial markets.
As of now, according to CoinMarketCap data, Avalanche is trading at $8.16, down 0.15% over the past 24 hours and 6.48% over the past week.
AVAX Price Targets $10.50 as Double-Bottom Setup Develops
Crypto analyst Crypto With Gopal notes that Avalanche is showing signs of a potential bullish reversal on the one-hour chart, as buyers continue defending the 8.10–8.20 support zone. The price action suggests a possible double-bottom formation, raising the prospect of a recovery following an extended downtrend.
The chart shared by the analyst places AVAX near $8.33, with the 8.10–8.20 range serving as a key support area. A double-bottom pattern typically forms when an asset tests a similar price level twice before rebounding, suggesting that selling pressure may be weakening. However, the formation remains unconfirmed until the price breaks above its neckline resistance.
A breakout above $9.20 could strengthen the bullish outlook and open the way for a potential move toward $10.50. This level represents the next upside target for traders monitoring the developing recovery. Sustained buying pressure would be needed to push AVAX above resistance and maintain its upward momentum.
The 8.10–8.20 region continues to serve as a critical support zone for the bullish setup. Sustained buying interest around this level could support a recovery toward higher resistance levels. However, a breakdown below this range would weaken the double-bottom formation and increase the risk of further declines.
Avalanche Q3 Report Highlights RWA and Institutional Growth
Avalanche is recording further growth in its real-world asset (RWA) ecosystem, according to Blockworks’ third-quarter report shared by the Avalanche team. The report highlights rising activity across tokenized assets, payment infrastructure, and institutional products, reflecting the network’s expanding financial use cases.
One of the key findings is that Avalanche’s C-Chain recorded $1.22 billion in tokenized real-world assets during the quarter. The figure highlights Avalanche’s growing role in bringing traditional financial assets onto blockchain infrastructure, where they can be represented and transferred onchain.
The report also highlighted $529 million in payment flows through Axiym Finance, marking a 4.4-fold increase compared with the same period a year earlier. The rise points to expanding payment activity across Avalanche’s ecosystem and suggests that its infrastructure is supporting a growing volume of financial transactions.
Meanwhile, BlackRock’s BUIDL fund recorded 21% quarterly growth on Avalanche. This increase adds to the network’s institutional adoption efforts as tokenized financial products continue attracting attention in blockchain-based markets. Together, the figures highlight Avalanche’s progress in attracting capital, supporting payment activity, and expanding its role in the tokenized asset sector.
