Avalanche Soars 10% Amid Market Stagnation: Can the Rally Hold?
Avalanche defies flatlining markets with double-digit surge—outperforming while rivals nap.
Breaking from the pack
While major cryptos tread water, AVAX rockets 10%—no broad market tailwinds, just pure alpha performance. The move catches traders off-guard as most portfolios bleed sideways. Guess someone forgot to tell Avalanche about the 'plateau'.
Sustainability questions loom
Gains this sharp on no major news often face profit-taking pressure. Retail jumps in, whales might cash out—classic crypto volatility doing its thing. But with institutional adoption whispers growing, this might be more than just a pump.
Meanwhile traditional finance still tries to figure out if Bitcoin is a currency or commodity—bless their centralized hearts.
Source: CoinGecko
Avalanche Price Prediction: Continued Rally or Correction?
AVAX’s latest price surge could be due to the project announcing a partnership with Toyota Blockchain Lab to build a blockchain-based robotaxi network. Robotaxis could be the next big step in the automobile space. Avalanche’s participation could lead to a boost in investor confidence. Toyota is one of the most recognized and successful automobile manufacturers. AVAX’s partnership with Toyota will likely lead to a rise in the brand’s value and image.
Another reason for the Avalanche’s price rally could be the high possibility of an interest rate cut later this month. There is a more than likely chance that the Federal Reserve will cut interest rates by 25 basis points after its next meeting. Avalanche’s price may continue to surge if interest rates fall.
According to CoinCodex AVAX analysis, Avalanche will continue to rally over the coming weeks, before facing a correction.
The platform anticipates the asset to hit $31.35 on Oct. 26, before falling to current levels by the end of November. AVAX’s price will rally by about 16.28% if it hits the $31.35 target.
