Avalanche's AVAX Token Surges 30% in a Month, Outperforming Bitcoin

Avalanche's AVAX token has rallied 30% in the past month, outperforming bitcoin and the wider crypto market. The price jump was accompanied by above-average volume and a breakout from a multi-month descending channel, suggesting growing confidence among traders. Analysts have floated $32 to $35 as a possible short-term target, while DeFi activity has also rebounded, with total value locked on its protocols rising from 37 million tokens in early 2025 to around 76.4 million.

Avalanche's (AVAX) token has experienced a significant rally, increasing by 30% in the past month. This impressive performance has outpaced both Bitcoin (BTC) and the wider crypto market, which saw a 13.4% and 30.1% increase, respectively, over the same period [1].

The price jump for AVAX was accompanied by above-average trading volume, indicating strong investor confidence. The token broke out of a multi-month descending channel, a technical pattern often interpreted as a bullish reversal [2]. This breakout suggests that traders are growing more optimistic about the token's future prospects.

Analysts have floated potential short-term targets for AVAX, with some predicting a price range of $32 to $35, citing improved sentiment and chart structure [1]. This optimism is further fueled by a broader rebound in decentralized finance (DeFi) activity. The total value locked on AVAX's protocols has risen from 37 million tokens in early 2025 to around 76.4 million, indicating growing interest and engagement within the DeFi ecosystem [2].

The recent momentum in AVAX is likely to attract further investor attention, particularly as the token continues to gain traction within the DeFi space. As AVAX's price climbs, it may also influence other Layer-1 tokens, such as Solana (SOL) and Sui (SUI), potentially boosting their performance as well [1].

References:
1. [1] https://ca.finance.yahoo.com/news/avalanche-avax-breakout-finally-happened-171813255.html
2. [2] https://www.coindesk.com/markets/2025/07/19/avalanches-avax-breakout-finally-happened-after-30-monthly-price-jump