AVAX Jumps 8% to $6.70 as Tokenized Treasuries Surge 68% to $842M in 30 Days
Avalanche's RWA base grew 22.6% to $2.5B as AVAX broke a descending channel, though the weekly downtrend remains structurally intact.
AVAX printed one of its strongest single-session moves in weeks, rising 8% to trade above $6.70, as fresh data pointed to accelerating real-world-asset issuance on the Avalanche network. The rally stands out against a token that has been grinding lower since its 2025 peak above $50, and it arrives alongside a broader crypto tape where Bitcoin is holding near $65,000 and most altcoins are posting modest gains.
RWA base expands 22.6% to $2.5 billion
Figures from RWA.xyz show Avalanche’s tokenized real-world asset market climbing 22.6% to $2.5 billion. The standout line item is tokenized U.S. Treasuries on the network, which jumped 68% over the past 30 days to reach $842 million.
That growth places Avalanche inside a wider institutional tokenization push. The XRP Ledger, for context, added $2.6 billion in RWA value over six months and currently sits second behind BNB Chain in the sector rankings. Avalanche’s subnet architecture, which allows institutions to spin up permissioned chains for tokenized products, is being cited as the structural driver behind the network’s share gains in this segment.
Chart structure: short-term bullish, weekly trend still down
On the 4-hour chart, AVAX broke above a descending channel it had been trapped in, with Supertrend and MACD readings both flipping bullish. That shifts the short-term structure from bearish to neutral-to-bullish, with buyers attempting to reclaim control after months of distribution.
The daily chart shows a higher low forming, an early sign of base-building after the prolonged drawdown. But the weekly chart tells a different story: AVAX remains locked inside a long-term downtrend channel, meaning the broader macro structure for the asset has not been repaired by a single 8% session.
Key levels traders are watching: immediate resistance sits at $6.70–$6.80, with a confirmed close above that zone opening a path to $7.20. Beyond that, the $8.00–$8.50 band represents the next major resistance and aligns with a Fibonacci retracement target. On the downside, $6.20–$6.30 marks the recent higher low, and a failure there would invalidate the base-building thesis, dropping the focus to major support at $5.80 and the prior lows near $5.50.
Analyst take: van de Poppe stays positioned
Trader Michael van de Poppe, who has been among the more consistently bullish voices on AVAX through the downtrend, flagged the bounce on X. “AVAX is holding up nicely. The pattern hasn’t played out yet, but given this bounce, I’m still happy that I’m holding this one currently in my portfolio and I’ll continue to do so,” he wrote.
His chart highlights a bullish divergence on the daily timeframe alongside the higher-low structure, with a target zone of $8.50–$9.00 that maps to the 0.382–0.5 Fibonacci retracement levels.
For traders, the setup is binary: a volume-backed close above $6.80 would be the strongest technical signal AVAX has produced in weeks and would put $7.20 and then $8.00–$8.50 in play, with the RWA growth narrative offering a fundamental tailwind. A slip below $6.20, however, would flip the higher-low thesis back to invalid and put the weekly downtrend firmly back in control.