Avalanche (AVAX) Price Targets $60 Breakout as ETF Filing Ignites Bullish Surge

Avalanche rockets toward key resistance as institutional interest explodes.

ETF Momentum Builds

The filing sends AVAX charging toward that $60 barrier—a level it hasn't touched since the last crypto frenzy. Trading volumes spike as whales position for potential approval.

Market Mechanics Shift

Traditional finance finally plays catch-up with crypto innovation—though they'll probably take credit for 'discovering' decentralized tech years after retail traders built the entire ecosystem.

Watch the $60 level. Breakthrough confirms bullish momentum; rejection signals consolidation phase. Either way—ETFs just made Avalanche impossible to ignore.

• Avalanche Gains Spotlight as Grayscale Files for Spot AVAX ETF, Boosting Institutional Confidence.
• Avalanche (AVAX) shows mixed momentum with RSI neutral, MACD bullish, and tightening Bollinger Bands.
• Avalanche (AVAX) price targets $60 as bullish momentum builds after breaking downward pressure.

Avalanche (AVAX) has broken the downward momentum and is eyeing a surge in its value, in line with the entire crypto market. The AVAX price over the last 24 hours is up by 1.16%, but over the last week it is slightly down by 4.51%.

Currently, AVAX is trading at $24.01 with a market capitalization of $10.14 billion. The coin has a trading volume of $271.63, which is down by 54.22% over the last 24 hours.

Source: CoinMarketCap

The general market trend is turning from a bearish phase to a bullish phase as major crypto coins are catching a bullish wave. This has urged the overall market to pick up steam, including altcoins like AVAX.

Avalanche (AVAX) ETF Signals Institutional Confidence

A prominent crypto analyst, Ash Crypto, highlighted that Grayscale Investments filed an S-1 with the SEC for a spot Avalanche (AVAX) ETF, seeking to offer regulated Wall Street access to the layer-1 blockchain. 

BREAKING:

GRAYSCALE SUBMITS S-1 FILING
FOR AN AVALANCHE ( $AVAX ) ETF.

Q4 ALTSEASON IS GONNA BE MASSIVE pic.twitter.com/w2QcJTovfj

If the fund goes through approval, investors will gain access to AVAX without holding the tokens themselves, another vote of confidence in Avalanche’s place alongside Bitcoin and ethereum in the institutional market.

The timing is key, as the crypto market is in Q4, seasonally correlated with altcoin seasons. Possessing a rapid, horizontal-scaling network available and a growing DeFi environment on top, Avalanche is in prime position to benefit from new institutional flows that can catalyze the broader altseason and open the gates to other large-cap altcoins.

Avalanche (AVAX) Bulls Eye $40–$60 Range

Avalanche (AVAX) is displaying mixed signals on the technical side. The Relative Strength Index (RSI) is placed at 50.85, indicating neutral momentum. The MACD has also flipped positive, with the MACD line at 0.9968 crossing above the signal line at -0.3874. 

The Bollinger Bands are tightening, with the upper band at 27.14 and the lower band at 16.36, indicating a potential volatility expansion.

Source: TradingView

The token is struggling to break above current resistance levels around $24.14, with another stronger level being $27.14. To the downside, support is still at $21.75; breaking this level potentially sends the asset back into the $16.36 region. For bulls, reclaiming $27.14 remains key to unlocking further gains toward the $40.00–$60.00 range.

Avalanche (AVAX) Futures Market Signals Mixed Sentiment

Derivatives market activity has reduced dramatically. Volume reduced 43.89% to $818.22 million, suggesting reduced short-term participant interest. However, open interest ROSE 2.39% to $843.72 million, suggesting that though fresh capital flows are slowing, existing market players are keeping positions open in hope of future volatility.

Source: Coinglass

On the other hand, the OI-weighted funding rate stands at 0.0087%, representing mild bullishness among perpetual futures market players. This positive funding rate implies that long positions are paying shorts, although the tight spread is another indication that conviction is low.

Also Read: AVAX Price Targets $36 as $27.50 Resistance Faces Bullish Pressure