- Avalanche (AVAX) price has witnessed a spike of over 5% on a daily chart, helping its price to soar from $8.82 to $9.31 with a market capitalization of $4.02 billion.
- The upward trend is following a bullish trend in the overall crypto market, where Bitcoin (BTC) witnessed a rally after Charles Schwab revealed Bitcoin and Ethereum crypto trading in the second quarter of 2026 to its brokerage client base.
- This bullish momentum comes amid an expansion of the Avalanche ecosystem. For example, Animoca Brands announced the completion of a strategic investment in Ava Labs.
On April 6, the Avalanche (AVAX) price gained bullish momentum with a 5% spike on the daily chart, soaring its value from $8.82 to $9.31 with a market capitalization of $4.02 billion.
At the time of writing this, the daily trading volume of the cryptocurrency is around $335 million. The total circulating supply of AVAX tokens is currently around 463.44 million, according to CoinMarketCap. In the last 7 days, the Avalanche (AVAX) price has added 5.49%, while the 30-day figure shows a 4.17%.
Avalanche (AVAX) Price Heads Toward Major Resistance Level
According to technical indicators on TradingView, there is a steady buying pressure without extreme conditions. The Relative Strength Index is currently revolving around 55, suggesting that the cryptocurrency is in a neutral territory and there is still room for upside before reaching overbought levels.
The moving average convergence divergence line is showing a positive range near 0.1. This data confirms new bullish momentum on the daily timeframe. Major moving averages ranging from the 10-day to the 50-day periods are showing buy signals. For the same reason, support has continued short-term momentum.
(Source: CoinMarketCap Community)
The average directional index is holding around 13, which shows developing trends rather than random fluctuations.
At present, there is major support near $9, while major resistance is around $9.60 to $10. A clear breakout above $9.60 could target higher levels in the upcoming sessions.
The rally in the Avalanche (AVAX) was seen after an upward momentum in the overall crypto market. Bitcoin has soared by approximately 3.5% in the same time period. According to previous data, this creates positive spillover for alternative coins through market beta effects. Overall, crypto market capitalization has risen, and capital rotation from Bitcoin into some altcoins appears to be underway.
A growing interest of investors in networks is supporting real-world asset tokenization. Apart from this, major regulatory developments are boosting the confidence of investors to divert their money into the crypto sector.
This ecosystem is helping projects like Avalanche that come with high throughput and compliance-friendly features.
In March, Animoca Brands disclosed the completion of a major investment in Ava Labs and formed a partnership, which is mainly focused on expanding Avalanche across Asia and the Middle East. This partnership is focusing on entertainment, product integrations, and advisory services for builders on the network.
Earlier in the year, the New York Stock Exchange selected Avalanche through its partnership with Securitize for a new digital securities trading platform, which helps it to gain major institutional validation.
Apart from this, Mastercard added Avalanche to its Crypto Partner Program to enable enterprise-scale tokenization and cross-border payments. The Avalanche Foundation launched Retro 9000 rewards programs and the Build Games competition with $1 million prizes to boost real on-chain activity and developer participation.
Apart from this, network usage has reached record levels with the C chain processing around 3 million transactions daily, which is around 10 times more than mid 2025.
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