Avalanche Price Prediction Remains Bullish After Breaking $10.53 Support

Avalanche's price prediction remains bullish after AVAX broke its weekly support band at $10.53, according to analysts.

The asset has gained over 54% in September, following a multi-week bullish RSI divergence and renewed attention on NYSE's testing of Avalanche technology for tokenized securities.

Ava Labs President Charley Cooper confirmed that NYSE spent the past year testing Avalanche technology and developed a close working relationship with Ava Labs, but stopped short of confirming that Avalanche is selected for the exchange's platform.

Michaël van de Poppe, an analyst, trimmed his position from $6.50, calling AVAX 'overstretched' in the short term, while still describing the broader chart structure as bullish and unlikely to retest recent lows.