Avalanche Price Soars 5% Following Bullish Trend in Crypto

On April 6, the Avalanche ($AVAX) price gained bullish momentum with a 5% spike on the daily chart, soaring its value from $8.82 to $9.31 with a market capitalization of $4.02 billion.

At the time of writing this, the daily trading volume of the cryptocurrency is around $335 million. The total circulating supply of $AVAX tokens is currently around 463.44 million, according to CoinMarketCap.

In the last 7 days, the Avalanche ($AVAX) price has added 5.49%, while the 30-day figure shows a 4.17%.

Avalanche ($AVAX) Heads Toward Major Resistance Level

According to technical indicators on TradingView, there is a steady buying pressure without extreme conditions. The Relative Strength Index is currently revolving around 55, suggesting that the cryptocurrency is in a neutral territory and there is still room for upside before reaching overbought levels.

The moving average convergence divergence line is showing a positive range near 0.1, which confirms building bullish momentum on the daily timeframe. Major moving averages ranging from the 10-day to the 50-day periods are showing buy signals, and support continued short-term momentum.

The average directional index is holding around 13, which shows developing trends rather than random fluctuations.

At present, there is major support near $9, while major resistance is around $9.60 to $10. A clear breakout above $9.60 could target higher levels in the coming sessions.

The rally in the Avalanche ($AVAX) was seen after an upward momentum in the overall crypto market. Bitcoin has soared by approximately 3.5% in the same time period, which often creates positive spillover for alternative coins through market beta effects. Overall, crypto market capitalization has risen modestly, and capital rotation from Bitcoin into select layer one assets appears to be underway.

Investors are strongly growing interest in networks that support real-world asset tokenization and institutional-grade infrastructure amid ongoing discussions about regulated digital finance.

This ecosystem is helping projects like Avalanche that come with high throughput and compliance-friendly features.

In March, Animoca Brands disclosed the completion of a strategic investment in Ava Labs and formed a partnership focused on expanding Avalanche across Asia and the Middle East, with a focus on entertainment, product integrations, and advisory services for builders on the network.

Earlier in the year, the New York Stock Exchange selected Avalanche through its partnership with Securitize for a new digital securities trading platform, which marks a major institutional validation.

Apart from this, Mastercard added Avalanche to its Crypto Partner Program to enable enterprise-scale tokenization and cross-border payments. The Avalanche Foundation launched Retro 9000 rewards programs and the Build Games competition with $1 million prizes to accelerate real on-chain activity and developer participation.

Apart from this, network usage has reached record levels with the C chain processing around 3 million transactions daily, which is around 10 times more than mid 2025.