Avalanche (AVAX) traded at $9.59 on March 12, 2026, a slight decline of 0.85% as it continued moving within a defined range. Technical analysis highlighted key support at $7.55 and resistance at $10.34. Separately, Grayscale Investments launched the Grayscale Avalanche Staking ETF (GAVA) on Nasdaq, providing regulated exposure to AVAX and its staking rewards for investors.
Avalanche (AVAX) showed mixed market sentiment with a 0.85% price drop as trading remained range-bound. The token’s 24-hour trading volume declined by nearly 18% to approximately $255 million.
According to CoinMarketCap data, AVAX has gained 2.19% over the past week. Analysts note the token is oscillating between established support and resistance levels.
Crypto analyst Crypto Chiefs noted that AVAX is likely to test a key resistance level at $10.34 and a support level at $7.55. The lower boundary functions as a demand zone while the upper boundary acts as a supply zone.
Traders are closely monitoring these levels for potential breakouts. A decisive move above $10.34 could trigger bullish momentum, while a drop toward $7.55 would test buyer strength.
Market attention also focused on a major product launch for institutional investors. Grayscale Investments announced its Grayscale Avalanche Staking ETF (GAVA) has begun trading on Nasdaq.
The ETF, which originally launched as a private placement in August 2024, provides regulated exposure to AVAX while integrating staking mechanisms. This allows investors to potentially benefit from both price appreciation and network rewards.
Senior Vice President of ETFs at Grayscale, Inkoo Kang, stated, “GAVA complements our existing suite of over 40 digital asset products and offers investors exposure to one of the leading smart contract platforms with staking potential.” The fund expands Grayscale’s offerings in the digital asset investment space.
