John Wu signals enterprise shift — Avalanche trades under resistance amid cautious sentiment

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Avalanche Drops 1.63% Today to $10.85

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Daria Chernytska

31.01.2026

John Wu signals enterprise shift — Avalanche trades under resistance amid cautious sentiment — Avalanche Drops 1.63% Today to $10.85

Avalanche (AVAX) is now trading at $10.85, down $0.18 or 1.63% from the previous close. Since the market open, AVAX has slipped $0.12, a 1.09% decline, and remains near the lower end of today's range, reflecting moderate volatility and ongoing downward pressure. The decline is driven by a cautious tone in the market after a recent statement by John Wu and ongoing news around institutional adoption on the network.

AVAX price prediction

24H 0.92%

$7.69

48H 2.23%

$7.79

7D -12.34%

$6.68

1M -0.39%

$7.59

3M 9.84%

$8.37

6M 55.25%

$11.83

12M 13.25%

$8.63

Detailed

Current price: $ 7.62 -0.51 6.33%

Real-time Data 22:25

Daily range 7.53

8.12

Weekly range 7.91

9.08

Highlights

AVAX is trading at $10.85, remaining below key moving averages (MA-20 at $12.83, MA-50 at $12.88, MA-200 at $20.03), confirming persistent downside pressure.
Daily momentum indicators—including MACD, ADX, RSI, Commodity Channel Index, and Awesome Oscillator—are decisively bearish and in oversold territory, signaling seller dominance with no reversal yet.
Expected five-day price range is $10.50 to $11.90; probability of an upward move is below 20%, with $12.88 as immediate resistance and $10.50 as critical support.

Institutional adoption and ETF debut boost profile as price underperforms

John Wu highlighted a shift in perception, positioning Avalanche as enterprise-ready technology designed for business adoption. This statement comes as the network records increased institutional engagement, with a surge in tokenized asset initiatives and a 34.5% jump in value locked within DeFi protocols on AVAX. The launch of tokenized money market funds, notable real-world asset issuance projects, and approval of the first US spot AVAX ETF underscore a period of growth. Despite these developments, AVAX’s market performance has lagged, with price levels staying far below historical highs.

Bearish momentum prevails as technical barriers reinforce downside risk

AVAX trades below the MA-20 ($12.83), MA-50 ($12.88), and MA-200 ($20.03), confirming entrenched bearish pressure across all timeframes. The nearest resistance is marked at $12.88, while support sits at $10.50; current signals from MACD and RSI confirm a sustained bearish trend, with no reversal hints. Momentum and volatility indicators remain negative, and price action aligns with dominant seller control. The 5-day price forecast range is $10.50 to $11.90, with the probability of an upward move below 20%.

Viktoras Karapetjanc, expert at Traders Union, is encouraged by John Wu’s enterprise-focused announcement and views it as a significant positive step for Avalanche’s long-term prospects. Karapetjanc sees growing institutional interest, real-world asset adoption, and the recent ETF approval as foundational for future capital inflows and sustainable ecosystem development. He believes the short-term price dip under $11 offers savvy investors compelling positioning opportunities, especially as DeFi value locked grows 34.5%. “The bullish structure remains intact — fundamental catalysts and institutional adoption are paving the way for further growth in AVAX.”

Previously it was reported that Avalanche is experiencing marked bearish momentum, with the price trading below all key moving averages and resistance levels, reinforced by negative MACD, ADX, and deep oversold oscillator readings. Despite strong ecosystem fundamentals and institutional inflows, technical indicators suggest limited near-term upside, with the asset likely to trade sideways or lower within its established volatility band.

Source of Data: AVAX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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