Avalanche (AVAX) surged nearly 4% amid Grayscale's launch of its Avalanche Staking ETF (GAVA) on NASDAQ, enabling AVAX exposure and staking rewards. Derivatives data show bullish signals—including rising open interest, long dominance, and positive funding—supporting a move toward $12.3. AVAX recently broke $9.83 resistance and trades at $9.99, with key liquidity levels at $10.32 and $11.06 ahead.
AVAX is consolidating horizontally at $9.85 with bullish RSI (57) but bearish Supertrend; key support at $9.30 and resistance at $10.13, while BTC's downtrend weighs on altcoins.
AVAX price surged to $10 amid geopolitical tensions and Grayscale’s launch of its AVAX Staking ETF (GAVA), signaling potential breakout from an inverted flag pattern; however, stagnant $800M TVL suggests weak DeFi liquidity inflow and cautious investor sentiment.