Avax ETF inflows hit $36 million as price holds $9

Avalanche’s native cryptocurrency $AVAX has been trading within a narrow range between $9.13 and $9.33 in recent days. According to Brave New Coin data, $AVAX is currently trading around $9.34. With the price hovering at this historically significant support level, investors are focusing on whether a new upward wave is imminent or if a breakdown to lower levels could be ahead.

Multi-year support and accumulation zone

Market analysts note that $AVAX remains within the key $8.5–$9.5 support zone, an area historically marked by heavy trading volumes. This range has acted as a strong accumulation zone in the past. Should the price hold above this base, it could solidify a long-term bottom for the cryptocurrency.

However, a decisive drop below $8.5 could open the door to further declines. Chart analysts warn that losing this critical support region would significantly increase the risk for $AVAX.

On long-term charts, $AVAX has returned to a major price-volume zone that previously hosted extensive accumulation phases.

Short-term trend channel and targets

In the short term, $AVAX is moving within an ascending channel, maintaining a bullish trend. Analysts believe that as long as the price holds the channel support between $9.20 and $9.30, a push towards the next resistance at $9.65–$9.70 is on the table.

If $AVAX can break through this resistance band, the price could target a stronger resistance area between $10.20 and $10.50. Conversely, if the ascending channel is broken to the downside, the price could quickly fall back toward the $8.80–$9.00 range.

Market sentiment and technical outlook

Interestingly, there is a divergence between technical indicators and price movement. Most moving-average based technical signals are currently issuing “sell” warnings in the short term. Although some signs of price improvement have emerged, there is still no clear confirmation of a bullish trend.

This has resulted in ongoing market uncertainty and range-bound price action. Investors are facing a cautious and slow recovery, rather than an aggressive rebound in $AVAX’s value.

Many technical signals still urge caution for $AVAX, with no definitive confirmation of a bullish reversal in place.

ETF inflows and institutional buying

While short-term momentum for $AVAX remains weak, developments in the ETF space are drawing attention. According to analyst Nazoku, since $AVAX-based ETFs were listed on Nasdaq, they have attracted a total of $36 million in inflows.

Additionally, during this period, 81,400 $AVAX (worth about $767,000) have been purchased through Coinbase. These acquisitions point to long-term investors increasing their positions despite the low-confidence environment. The surprise inflows during a subdued price phase suggest that large players may drive future $AVAX price moves.

Long-term scenarios and price forecasts

From a medium- and long-term perspective, analysts see $AVAX entering a clear accumulation region between $7 and $9. If this bottoming process holds, $AVAX could potentially advance to much higher levels of $50, $100, or even $150 in a new bull cycle. However, reaching these ambitious targets depends on confirmed technical signals and sustained support at current levels.

According to CryptoAppsy, $AVAX’s current price is $9.34.

Overall, the latest developments indicate that $AVAX’s freefall phase has ended and the price is at a decision point. Maintaining critical support and breaking resistance barriers will likely determine the main direction in the weeks ahead.