Avalanche’s native token AVAX has surged 30.3% over the past month, significantly outperforming Bitcoin (BTC), which gained 13.4% during the same period. Despite a slight 0.5% dip in the last 24 hours to $23.63, AVAX’s 30-day performance also edged out the CoinDesk 20 (CD20) index, which rose 30.1%, showing strong momentum across the board.
According to CoinDesk Research’s technical analysis model, the rally was supported by above-average trading volume and increased volatility, often a sign of strengthening trader confidence. Analysts suggest the token’s breakout from a multi-month descending channel could mark the start of a bullish trend reversal. Chart patterns indicate buyers are stepping in at key support levels, further bolstering positive sentiment.
Market watchers, including OKX-affiliated trader Ted Pillows, have highlighted $32 to $35 as potential short-term price targets for AVAX, citing structural improvements in its price action. Pillows noted, “The AVAX breakout has finally happened,” signaling a shift in momentum that could attract further bullish interest.
This surge aligns with a broader uptick in decentralized finance (DeFi) activity on Avalanche. According to DeFiLlama, the total value locked (TVL) in Avalanche-based DeFi protocols has doubled since early 2025, rising from 37 million AVAX tokens to over 76.4 million. This increase in on-chain activity supports the token’s upward trend, indicating both technical and fundamental tailwinds.
As crypto investors eye assets with strong DeFi traction and positive chart setups, AVAX appears well-positioned to sustain its momentum, at least in the short term. With Bitcoin’s gains slowing, Avalanche’s performance may continue to attract attention from traders seeking higher upside in the altcoin space.
