Avalanche seems to defy the general trend of the cryptocurrency market. Avalanche’s (AVAX), according to CoinGecko has seen a rally of 9.8% in the past 24 hours. It also registered a rally of 17.5% in the recent week. AVAX’s rally is surprising given the fact that many other crypto assets trade in the red today. AVAX behaves differently.
What is behind Avalanche’s bizarre rally?
Avalanche’s (AVAX’s) divergent upward trend could be attributable to Grayscale’s Avalanche Trust. The project, according to reports has filed a conversion application for the trust to become a spot ETF. Grayscale submitted their S1 in August. It is possible that the conversion of the trust to a spot ETF boosted investor’s confidence. Avalanche, (AVAX), also saw a breakout in mid-September following Bitwise applied for a spot ETF.
This year’s cycle has been dominated by crypto-based exchange traded funds (ETFs). Bitcoin (BTC), Ethereum (ETH) have both reached new peaks due to constant ETF flows. Avalanche’s (AVAX), if approved by the SEC, may also experience similar patterns. Since President Trump’s election, the SEC has adopted a procrypto position. Financial watchdog could approve one AVAX-based ETF due to its positive crypto outlook.
Can The Asset continue its rally?
According to CoinCodex analysts, Avalanche (AVAX) will continue its rally In the next weeks. On Nov. 6 2025, the platform predicts an asset price of $40.61. A price increase of 17.64% is needed to reach $40.61.
Avalanche AVAX could also experience a correction in the next few days as the overall market remains bearish. Bitcoin (BTC), at least, appears to be consolidating around the price of $112,000 per coin. It is unlikely that the market will recover until BTC takes a step.
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Source: watcher.guru
