Avalanche's Native Token, AVAX, Is Picking Up Steam in the Crypto Market

Avalanche's native token, AVAX, is picking up steam in the crypto market, rising more than 10% on Monday.

Avalanche's native token, AVAX, is heating up in the crypto market, notching up gains of over 11% on Monday.

The cryptocurrency is currently trading at a price above $21, a strong rebound in price. This price increase follows a rally of almost 19% in the previous week, which showcases increasing investor optimism in AVAX. Despite the recent rally, AVAX remains 85% lower than its all-time high of $146.22 in November 2021.

One of the main causes of this price increase is the breakout over its downtrend line, a significant resistance level since December 2021.

Earlier, the cryptocurrency tried to break above this resistance in November 2024 but dropped back below it in February 2025. However, this time around, bulls have managed to drive the price above the local declining trendline, which confirms the bullish outlook.

Technical indicators also attest to the rising trend. The Relative Strength Index (RSI) stands at 53 and is heading up, indicating greater buying pressure. The Moving Average Convergence Divergence (MACD) indicator also recently displayed a bullish crossover, which suggests strong momentum for further gains in price.

Another positive indicator is AVAX's increasing long-to-short ratio, which is now at 1.18—the highest point in more than a month, according to data from Coinglass. The higher the ratio, the more traders anticipate increases rather than decreases in price.

Coinglass stats also show a change in funding rates, from negative to positive, at -0.0065% on Friday to 0.0051% on Monday. This means that traders with long positions pay the traders with short positions, contributing to the overall positive sentiment.

If AVAX continues like this and closes above the crucial resistance level of $20.99, it may reach $24.99, a potential 17% rise. A breakout above this could mark the beginning of a 20% surge to the major psychological level of $30.

The latest price action shows that bulls are taking over, even though AVAX still faces price resistance at $21.80 and a long-term decreasing trendline in 2021. If the current trend continues, we could see AVAx's price go beyond $55 and $65 in the coming months.