- The AVAX price is currently in the green zone, with experts projecting its rise to $18.
- The current bullish trend is mainly driven by the launch of the Grayscale staked AVAX ETF.
- Despite this bull run, Avalanche’s TVL remains stagnant.
The Avalanche crypto is gaining significant attention after the recent launch of Grayscale’s Staked AVAX ETF. Investors and traders remain optimistic that this strategic development could drive the AVAX price up.
Amid the Grayscale Avalanche Staking ETF, experts are highly bullish about AVAX’s potential future. Some believe that the token is poised to see a massive rally of nearly 100%.
Experts See AVAX’s Price’s Massive Surge Ahead
The AVAX token is currently facing a significant bullish trend, with the price now at $10. Within a single day, the altcoin has a remarkable hike of 5%. Over the past week and month, the Avalanche crypto has seen more notable upticks of 8% and 17%, respectively.
Amid this bullish backdrop, experts and analysts remain optimistic about the crypto’s potential trajectory. In an X post earlier today, crypto expert Clifton Fx expressed his bullish views on the AVAX price. He noted,
“AVAX trying to break the descending channel in daily timeframe.. if breaks with momentum candle we can see a massive bullish Rally.”
According to the chart presented by the analyst, the AVAX price is currently trading within a downward-sloping channel. While the price has been in a downtrend, this pattern, called the descending channel, is often considered a bullish reversal setup. This suggests that a breakout is imminent.
In detail, Avalanche has been bouncing between the descending channel’s lower support and upper resistance lines, moving steadily within these boundaries. Currently, the price is approaching the upper boundary of the channel, indicating a possible breakout zone.
As per his projection, the potential target of AVAX is an ambitious $18-$19, marking a 95% surge. Now, the token has broken past the resistance level, and its surge to $18 is most likely.
Grayscale Launches Staked Avalanche ETF
Notably, the major driver behind the current bullish trend of the AVAX price is the launch of Grayscale’s Avalanche Staking ETF. The asset manager launched the ETF on March 12, 2026, under the ticker GAVA.
The platform offers a 0% fee structure for the product. This is intended to attract institutional capital and increase investor interest. This has indeed driven the price surge, with the token trading in positive territory despite the broader crypto market’s overall bearish trend. Grayscale’s ETF Vice President Inkoo Kang noted,
“Investors across the market continue to seek simple ways to incorporate digital assets into their portfolios…GAVA complements our existing suite of more than 40 digital asset products and provides investors with the ability to gain exposure to one of the market’s leading smart contract platforms.”
DeFi Activity Shows Signs of Stagnation
According to a CryptoNewsZ report, despite the latest development and the AVAX price surge, the total value locked (TVL) on the Avalanche network has stayed around $800 million since early February. , this slow growth in locked capital indicates that investor interest is cooling. Not much new money is flowing into AVAX’s DeFi projects lately.
Even though the market has seen new developments, many participants appear hesitant to commit more funds. This reflects cautious sentiment and a wait-and-see approach.
