Avalanche Eyes $13 Amid Bullish October 2026 Outlook
Avalanche (AVAX) remains in a bullish position in October 2026, with analysts targeting $12.20 as the next key level and potentially reaching $13.00 if the current momentum holds. The cryptocurrency is currently trading near $11.24, up 0.94% on the day, and needs to maintain support above $10.40 to keep its September breakout intact.
Avalanche has recently made significant strides in the tokenized stock market, adding $245.5 million in tokenized stock market cap in September, the highest among all chains. This growth was led by Securitize and represents about 70% more than the second-place BNB Chain. The platform's expansion in this area could further bolster its adoption and price stability.
South Korea's Financial Services Commission has unveiled new rules allowing stocks, bonds, and funds to be issued and circulated on-chain starting February 2027. Avalanche has announced that the Korea Securities Depository, central to this plan, is already building a connection to its network. This development could significantly impact AVAX's utility and demand, though the actual implementation remains a work in progress.
Technical analysis indicates that AVAX is trading between two narrowing trendlines, with the lower line near $10.80 rising about 8 cents a day. A daily close above $12.00 would put the upper trendline near $12.20 in reach, potentially opening the door to $13.00. However, losing support at $10.40 could expose the 50-day EMA at $9.14, leading to a downward correction.