Bitcoin News Today: Avalanche (AVAX) Surges 20% Weekly as Bitcoin Drives Altcoin Rally $35 Target Looms

Avalanche (AVAX) is experiencing a significant price surge, with a 20% weekly increase as it consolidates near the $25 level. This movement aligns with broader cryptocurrency market trends, as altcoins and the total market cap have added $300 billion in net value over the past week. Bitcoin’s recent valuation exceeding $2.3 trillion has driven much of this growth, with secondary assets like AVAX benefiting from renewed investor interest. Analyst Ted, a prominent figure on X (formerly Twitter), has highlighted AVAX’s breakout potential, identifying $32 to $35 as key price targets. His analysis is supported by on-chain data showing a near-doubling of Total Value Locked (TVL) in Avalanche’s ecosystem, rising from 37 million AVAX in early 2025 to approximately 76.4 million AVAX, reflecting heightened confidence in decentralized finance (DeFi) protocols [1].

The price action underscores Avalanche’s growing relevance in the altcoin sector. While the current rally mirrors historical patterns, long-term optimism hinges on AVAX surpassing its 2021 all-time high (ATH) of $145. Analysts emphasize that breaking this level would signal a definitive trend reversal, though achieving a 580% increase from the $25 valuation remains a formidable challenge. Short-term momentum is bolstered by institutional adoption of Avalanche’s layer-1 blockchain and strategic partnerships, which position the platform to compete in a crowded market. However, sustained growth depends on maintaining this upward trajectory amid regulatory uncertainties and macroeconomic headwinds [1].

Trading platforms like Binance and TradingView have reinforced the $35 target, noting it represents a 50% gain from current prices [2]. This level aligns with broader market optimism, as Avalanche’s ecosystem continues to attract developers and users. The surge in TVL data—demonstrating a 105% year-on-year increase in locked AVAX—highlights the platform’s role in catalyzing DeFi activity. Yet, the path to $145 remains uncertain, particularly if the broader crypto market faces corrections or if adoption slows. Investors are advised to balance optimism with caution, given the asset’s historical tendency to underperform in subsequent bull cycles unless it exceeds prior peaks [1].

The ongoing rally reflects a convergence of factors: Bitcoin’s leadership, altcoin rotation, and Avalanche’s ecosystem resilience. While the $35 price target is achievable in the short term, long-term success will depend on Avalanche’s ability to scale its infrastructure and maintain a competitive edge. As the market navigates this phase, continued monitoring of TVL metrics and on-chain activity will be critical to assessing AVAX’s potential to reclaim its 2021 momentum.

Source: [1] [Avalanche (AVAX) Price Breakout is Underway. $35 Price Target Confirmed] [https://zycrypto.com/avalanche-avax-price-breakout-is-underway-35-price-target-confirmed/]

[2] [Page 5 | AVAX 3x Long / Tether Trade Ideas] [https://www.tradingview.com/symbols/AVAXUSDT.3L/ideas//page-5/]

[3] [Next Target: $32 – $35 Bulls are stepping in, trend reversal is underway] [https://www.binance.com/en/square/post/27319117939314]