TLDR
- AVAX is currently trading at $22.22 with a 3.04% daily increase and market cap of $9.37 billion
- Trading expert Eric Cryptoman suggests buying AVAX between $18-$22 with profit targets of $45-$55
- The Avalanche 9000 upgrade introduces scalability improvements with custom subnet solutions
- Major partnerships with Mastercard, SMBC, and Visa announced at 2025 London Summit
- SEC delayed Grayscale AVAX ETF approval until July 15, creating short-term market uncertainty
Avalanche (AVAX) has emerged as a strong performer in the cryptocurrency market, currently trading at $22.22 with a 3.04% increase over the past 24 hours. The token maintains its position as the 14th-ranked cryptocurrency with a market capitalization of $9.37 billion.
Trading activity has surged with a 24-hour volume of $513.31 million, representing a 16.52% increase. This volume spike indicates growing investor interest and confidence in AVAX’s market potential.
Crypto trading expert Eric Cryptoman recently shared a bullish outlook on AVAX through social media. He recommended entering long positions between $18 and $22, with take-profit targets set between $45 and $55. This strategy suggests potential returns exceeding 100% from current price levels.
Long $AVAX between 18-22.
Take profit between 45-55.
Thank me later. pic.twitter.com/Wbi5GUlsHp
— Eric Cryptoman (@EricCryptoman) June 10, 2025
AVAX was trading at $19.85 on Binance as of June 10, 2025, positioning it near the lower end of the suggested entry range. The price represents a 3.2% increase from the previous day’s close of $19.23.
The cryptocurrency’s technical indicators support a positive outlook. The Relative Strength Index (RSI) stands at 58 on daily charts, indicating the asset has room for upward movement without being overbought.
A bullish MACD crossover occurred on June 10, with the signal line crossing above the MACD line. This technical pattern often signals potential momentum shifts in favor of buyers.
Technology and Ecosystem Growth
The Avalanche blockchain’s technical advantages continue driving adoption. The platform offers low transaction fees and high throughput, making it attractive for developers and users alike.
The Avalanche 9000 upgrade represents a major technological advancement. This update introduces enhanced scalability through subnets, allowing developers to create custom layer-1 solutions tailored to specific use cases.
Gaming and DeFi sectors have shown particular interest in Avalanche’s capabilities. The platform’s ability to handle complex transactions at scale positions it well for enterprise adoption.
MapleStory N, a Web3 gaming project, is set to launch on the Avalanche network on May 15, 2025. This addition expands the platform’s gaming ecosystem and demonstrates real-world utility.
The Avalanche Summit 2025 in London highlighted major partnerships with traditional finance giants. Mastercard, SMBC, and Visa announced collaborations that will increase AVAX’s real-world usability.
Market Dynamics and Regulatory Factors
Despite recent gains, AVAX has faced some challenges. The token experienced a 13.49% decline last week, dropping to $20.07 in May following market volatility.
The SEC delayed approval of the Grayscale AVAX ETF until July 15, creating uncertainty among institutional investors. Nasdaq and VanEck have also filed for AVAX ETF products, awaiting regulatory approval.
JUST IN: The SEC has chosen a new date for a decision on Grayscale’s spot ETF for $AVAX.
The new review date is set for July 15, 2025. pic.twitter.com/qTQ6jYbMgc
— The Degen Times (@DegenTimes69) May 29, 2025
Over 90% of AVAX holders were in losses during recent market downturns. However, on-chain metrics suggest recovery momentum is building among long-term investors.
The long-to-short ratio for AVAX reached monthly highs in March, reflecting increased demand from traders. Recent trading activity shows 828,220 AVAX tokens changing hands, indicating renewed market interest.
On-chain data reveals growing network activity with daily active addresses increasing by 15% to 42,000 as of June 9, 2025. This metric suggests genuine usage growth beyond speculative trading.
Whale transactions over $100,000 rose by 10% to 25 transactions on June 9, 2025. Large investor accumulation often signals confidence in the asset’s long-term prospects.
Price analysts maintain optimistic forecasts for AVAX. CoinPedia projects the token could reach $33.06 by June 2025 and $50 by year-end. Standard Chartered offers more ambitious targets of $55 in 2025 and $250 by 2029.
The correlation between AVAX and Bitcoin remains strong at 0.85 based on 30-day data. This relationship means Bitcoin’s price movements often influence AVAX’s direction.
Cross-market correlations show AVAX tracking tech stock indices like the NASDAQ with a 0.65 correlation coefficient. Recent tech stock rallies may provide tailwinds for cryptocurrency markets.
