Avalanche Remains Bullish with Key Support at $10.40

Avalanche (AVAX) is maintaining a bullish outlook as long as it stays above the key support level of $10.40. Currently trading around $11.24, the cryptocurrency is eyeing potential resistance levels at $12.20 and $13.00. The lower trendline, which is rising by approximately $0.08 per day, suggests that AVAX needs to keep climbing to avoid meeting this support level within a week.

The bullish sentiment is further supported by recent adoption milestones. Avalanche added $245.5 million in tokenized stock market capitalization in September, the highest among any blockchain network. Additionally, South Korea's upcoming regulations will allow on-chain stocks and bonds starting February 2027, with the country's securities depository building on Avalanche. This development underscores the growing use cases for crypto, tokenized stocks, and DeFi.

Avalanche's price prediction for October remains optimistic as long as it holds above $10.40, which is crucial for maintaining its September breakout. The narrowing trendlines indicate that AVAX has to keep ascending to reach the upper resistance near $12.20 before the trendlines converge.