Avalanche (AVAX) fell 2.18% to $9.06 amid a broader downtrend, with 24-hour trading volume dropping 50% to $201.15 million. The VanEck Avalanche ETF (VAVX) launched on Nasdaq, offering direct exposure and a 4.86% staking yield, though the token faces resistance in the $10–$11 zone as analysts note bearish momentum persists.
Avalanche (AVAX) declined to $9.06, marking a 2.18% drop over 24 hours with trading volume falling 50% to $201.15 million according to CoinMarketCap data. The token has seen an 8.74% weekly decrease, sustaining a broader bearish sentiment among traders. Chart analysis shows a sequence of lower highs and lows, with temporary support forming near $8.20–$8.50.
Crypto analyst Umair Crypto stated “The downtrend remains intact” in a social media post. He noted the RSI failed to reclaim its trendline despite oversold conditions, indicating persistent bearish momentum. Short-term resistance is expected between $10 and $11, aligning with Fibonacci retracement levels.
VanEck launched the VanEck Avalanche ETF (VAVX) on Nasdaq on January 26, 2026, providing direct AVAX exposure with staking rewards. The fund offered a gross staking yield of 4.86% as of February 2, 2026, according to its information circular. Kyle DaCruz, VanEck’s Director of Digital Assets Product, emphasized Avalanche’s potential to bridge traditional finance.
VanEck waived sponsor fees on the initial $500 million in assets under management until February 28, 2026. Initial trading reported $3.13 million in net assets for the ETF, which operates under SEC Rule 6c-11. Analysts suggest the ETF could boost institutional interest and improve market liquidity for AVAX.
