Avalanche's AVAX Surges 8.99% to $7.20 Amid Breakout Signals and Rising Trading Volume

Avalanche's native token, AVAX, surged 8.99% over the past 24 hours to trade at $7.20 on Thursday, August 20, 2026.

The rally was accompanied by a significant jump in trading volume, which reached $452.15 million, representing a 72.32% increase from the previous day.

Market analysts have identified a broad triangle formation on the AVAX price chart, with prices gravitating near the lower boundary of the pattern.

Crypto With Gopal noted that the token has stabilized above the $6 to $7 range, which could now serve as short-term support for continued upward movement.