Over the past 24 hours (as of around 8:45 a.m. Beijing time on October 7), $AVAX was trading at about $11.61, up roughly 3.7%. It hit a 24-hour low of $11.12 and a high of $11.73, with approximately $66.1 million in spot trading volume on Binance. Against a broadly weak market and a slight decline in Bitcoin, AVAX moved against the trend.
The main driver behind its rise is RWA, or real-world assets being brought on-chain. Recently, an institution built settlement infrastructure on Avalanche, while a major investment bank opened access to its fund products through Avalanche, signaling growing institutional interest in the network. On the technical front, Avalanche completed its Helicon upgrade in late September, bringing continuous execution, dynamic fee pricing, and new validator staking rules to the mainnet. It then released a new node version to improve stability.
My view: RWA is one of the few sectors in this cycle with genuine institutional demand. Thanks to its subnet architecture and compliance-friendly positioning, Avalanche has consistently been one of the popular choices for institutions exploring the space. That said, it’s important to stay objective: institutional partnerships often take a long time to generate significant on-chain capital and fee revenue after they’re announced, so short-term token prices are driven more by sentiment.
Technically, around $11.70 is near-term resistance; whether the price can break through on strong volume will determine if the rebound can continue. The area around $11 is support. This may suit investors interested in the RWA sector over the medium to long term who want to build positions gradually, but it’s not suitable for chasing a rally with a large position.
The above is for reference only and does not constitute investment advice.