TLDR
- AVAX currently trades at $36.03, showing a 14% decline over 30 days despite broader crypto market gains
- Exchange outflows hit 2.18M tokens in January, suggesting strong accumulation behavior
- Technical indicators show a descending triangle formation with critical $34.18 support level
- Trading volume surged 38% to $702.2M, indicating heightened market interest
- CoinCodex projects potential move to $70.31 by month-end with $50 average for February
Avalanche’s AVAX token presents an intriguing market situation as January 2025 draws to a close, with trading data revealing strong accumulation patterns despite recent price weakness. The token currently trades at $36.03, having declined 14% over the past month, even as the broader cryptocurrency market shows signs of recovery.
Market data from January 24, 2025, shows AVAX’s daily trading volume reaching an impressive $702.2 million, marking a 38.03% increase from previous levels. This surge in trading activity comes at a time when the token’s market capitalization holds steady at $14.82 billion, supported by a circulating supply of 410 million AVAX tokens.
Recent exchange flow data has caught the attention of market observers, with outflows reaching 2.18 million AVAX tokens in January alone. This movement of tokens away from exchanges typically indicates a preference for longer-term holding strategies rather than immediate trading plans.
The pattern marks a notable shift from the previous quarter, when exchanges saw substantial inflows exceeding $20 million between mid-November and early December. Those inflows coincided with increased selling pressure during price peaks, making the current outflow trend particularly noteworthy.
Technical analysis reveals AVAX trading within a descending triangle pattern, characterized by a series of lower highs meeting a horizontal support level. This critical support sits at $34.18, having withstood multiple tests from sellers in recent weeks.
Market technicians note that the $34.18 support level remains crucial for AVAX’s short-term price direction. A break below this level could expose the token to further downside pressure, with potential targets at $29.17, $24.69, and $22.18, based on Fibonacci extension levels.

For buyers to regain control, AVAX needs to clear resistance near the $37-$38 range. Additional resistance levels loom at $37.53 and $40.17, representing key Fibonacci retracement points that have previously capped recovery attempts.
Recent analysis from crypto market observer Ali suggests AVAX is setting up for a potential 40% move once it breaks free from its current $37-$33 trading range. The direction of this breakout could determine the token’s next major trend.
CoinCodex’s latest forecast presents an optimistic outlook, projecting potential upside to $70.31 by January 30. Their analysis suggests AVAX could establish a new average price range around $50 for February, representing a substantial increase from current levels.
Looking at Avalanche’s broader ecosystem, the platform continues to attract developer attention through its focus on custom blockchain networks and decentralized applications. The project’s emphasis on transaction speed and cost efficiency remains a key selling point for developers working in DeFi and gaming sectors.
Open interest figures provide additional insight into market sentiment, showing a slight 0.40% increase to $678.33 million. This metric suggests sustained trader engagement despite recent price volatility.
The latest 24-hour price data shows AVAX recording a modest 0.46% gain, though weekly performance remains negative at -11.23%. These short-term movements occur against the backdrop of increased accumulation signals from exchange flow data.
Trading patterns indicate strong market interest at current price levels, with volume metrics suggesting active positioning by market participants. The combination of rising trading volume and steady exchange outflows creates a unique market dynamic.
Institutional interest in AVAX appears to remain steady, based on derivatives market activity and large-wallet transaction data. This continued engagement from larger market participants adds another layer to the current accumulation narrative.
Market makers and liquidity providers show active participation in AVAX markets, as evidenced by tight bid-ask spreads and robust order book depth across major exchanges. This liquidity support helps maintain market stability during the current consolidation phase.
As of the latest market update, AVAX continues to trade within its established range between $33 and $37. Traders maintain close watch over the $34.18 support and $37 resistance levels, looking for signs of a potential trend reversal.
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