Avalanche’s AVAX token rose 8% on the day and was trading above $6.70, marking one of its strongest single-day gains in weeks after a prolonged decline from its 2025 highs above $50.

The move came as the broader crypto market showed mixed signals. Bitcoin was holding near $65,000, while many altcoins were trading in positive territory. AVAX, however, was outperforming many major tokens during the session.

Several factors are being cited for the latest AVAX price move, including growth in Avalanche’s real-world asset market, recent technical developments, and comments from analyst Michael van de Poppe.

Avalanche’s RWA Market Grows 22.6% to $2.5 Billion

Data from RWA.xyz shows that Avalanche’s real-world asset, or RWA, market expanded 22.6% to $2.5 billion. Tokenized U.S. Treasuries on Avalanche increased 68% to $842 million over the past 30 days.

RWAs refer to blockchain-based representations of traditional assets such as government bonds, private credit, funds, and other financial instruments. Tokenized U.S. Treasuries have become one of the most closely watched categories because they connect on-chain markets with short-duration government debt products and are often used as a benchmark for institutional activity in asset tokenization.

The wider RWA sector has also been gaining activity. The XRP Ledger added $2.6 billion in tokenized RWA value over six months, ranking second behind BNB Chain. Avalanche has continued developing its own RWA ecosystem, with the latest figures showing accelerating growth on the network.

The trend is part of broader institutional interest in blockchain-based asset tokenization. Avalanche’s subnet architecture and institutional focus have made it one of the networks used by RWA projects. The $2.5 billion figure indicates that the network is gaining traction in this segment of the crypto market.

Michael van de Poppe Says AVAX Is “Holding Up Nicely”

Crypto analyst Michael van de Poppe commented on Avalanche’s recent price action in a post on X, writing:

“AVAX is holding up nicely. The pattern hasn’t played out yet, but given this bounce, I’m still happy that I’m holding this one currently in my portfolio and I’ll continue to do so.”

Source: https://x.com/CryptoMichNL/status/2081043044137349455?s=20

The chart shared by van de Poppe showed AVAX forming a higher low as support. The price action suggested that the token may be attempting to build a base after its extended downtrend. A bullish divergence on the daily chart was also highlighted as a positive technical signal, indicating that momentum may be shifting toward buyers.

The chart also showed a target zone around $8.50 to $9.00, aligning with the 0.382 to 0.5 Fibonacci retracement levels. Van de Poppe’s comments indicated a constructive view on AVAX’s medium-term setup, while noting that the pattern had not yet fully played out.

Technical Levels for AVAX

Technical analysis showed that AVAX had broken above a short-term descending channel on the 4-hour chart. Bullish signals from the Supertrend and MACD indicators supported the breakout. The short-term trend had shifted from bearish to neutral, with buyers attempting to establish control.

At the same time, the weekly chart remained bearish. AVAX was still trading inside a long-term downtrend channel. The daily chart showed a higher low holding as support, but the broader market structure remained weak. That gap between short-term strength and a still-bearish weekly setup makes follow-through important for traders watching whether the rebound is only a relief move or the start of a broader stabilization.

Key technical levels identified in the analysis included:

• Immediate resistance: $6.70 to $6.80. A close above this zone could open the way toward $7.20.
• Next resistance: $8.00 to $8.50. This aligns with the target area shown on van de Poppe’s chart.
• Support: $6.20 to $6.30. This marks the recent higher low.
• Major support: $5.80. This level would become relevant if the higher-low structure fails.

Under a bullish scenario, a close above $6.80 with volume would place the next targets at $7.20, followed by the $8.00 to $8.50 range. Growth in Avalanche’s RWA market and van de Poppe’s comments were cited as factors that could support a continued recovery.

Under a bearish scenario, failure to hold $6.20 would invalidate the higher-low structure. In that case, the next support level would be $5.80, followed by recent lows near $5.50.

Overall, Avalanche is showing renewed activity after months of selling pressure. The 8% move represents a relief rally, while further price action will depend on whether AVAX can maintain its short-term breakout and whether the RWA narrative continues to attract attention.

The increase in Avalanche’s RWA market to $2.5 billion, along with a 68% rise in tokenized U.S. Treasuries over 30 days, remains a key development for the network. The data also points to continued institutional use of Avalanche for tokenized asset projects.

Van de Poppe has been consistently bullish on AVAX, and his higher-low view is now being tested by the market. The short-term trend has improved, while the weekly trend remains bearish. The $6.80 level remains the immediate level to watch, as a close above it would mark one of AVAX’s strongest technical signals in weeks.