Avalanche’s AVAX Gains 30% in a Month as DeFi Revival and Technical Breakout Strengthen Bullish Case
Avalanche’s native token AVAX has jumped more than 30% over the past month, signaling renewed bullish momentum and outperforming both Bitcoin and the broader market. The rally coincides with a breakout from a prolonged downtrend and a notable rise in decentralized finance (DeFi) activity on the Avalanche network.
While AVAX edged down 0.5% over the past 24 hours to $23.63, its 30-day performance stands at a 30.3% gain—surpassing Bitcoin’s 13.4% climb and slightly outpacing the CoinDesk 20 Index’s 30.1% rise. The move has been supported by sustained trading volume, which analysts interpret as growing conviction among market participants.
The token recently broke out of a multi-month descending channel, a bullish technical pattern that often signals trend reversals. Ted Pillows, a trader affiliated with OKX, noted the significance of the move: “The AVAX breakout has finally happened,” he said, setting a near-term price target between $32 and $35.
Underlying fundamentals have also improved. Total value locked (TVL) in Avalanche-based DeFi applications has more than doubled in 2025, growing from 37 million to 76.4 million AVAX, according to data from DeFiLlama. This surge reflects increased user engagement and capital inflow into the Avalanche ecosystem.
With both technical and fundamental drivers aligned, traders are watching to see if AVAX can sustain momentum and push toward the next resistance zones in the low $30s.
