Avalanche Price Breaks Through Key Trendline

The weekly chart for Avalanche's price is currently in play as traders wait to see if it will break through a key trendline. The current market price of AVAX is $11.147, with a market capitalization of $4.92 billion and futures volume dwarfing spot volume by a factor of five.

Real-world assets are driving the story, with tokenized stock inflows reaching $131.2 million over the past week, according to BSCN. This is more than eight times the inflows of any other network, including Solana and Arbitrum.

A 1-week close above $15.252 would carry price over both the trendline and that resistance, opening up targets at $36.223 and $55.711. The projected path on the chart is a staircase, with pullbacks retesting $15.252 and $36.223 as support.

The failure case is far away, but a rejection at the trendline would not void the setup on its own. Only a 1-week close below $5.715 would erase the whole recovery.