# Avalanche Trades Below $10.40 as $12.20 Target Remains Conditional

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/29745
Published: 2026-10-11T08:24:47.000Z
Updated: 2026-10-11T08:24:47.000Z
Section: Investing

> AVAX traded at $10.30 early Oct. 11, while a potential move toward $12.20 depends on reclaiming and holding $10.40.

Avalanche (AVAX) traded at $10.30 at 3:37 a.m. ET (07:37 UTC) Oct. 11, down 2.38% over 24 hours, leaving a potential move toward $12.20 dependent on a recovery above $10.40.

AVAX traded between $10.19 and $10.62 over the 24-hour period. Analyst Parshwa Turakhiya identified $10.40 as the first level the token must reclaim and hold before the higher target becomes relevant.

The technical scenario also calls for a close above $12.00 before a potential extension toward $13.00. Near-term resistance levels were identified at $10.55 and $10.80.

AVAX’s seven-day and 20-day simple moving averages stood at $10.71 and $10.81, respectively. The 50-day and 200-day averages were lower at $9.03 and $8.13.

Momentum readings were mixed. The 14-period daily relative strength index was 51.60, while the moving average convergence-divergence line and signal line were both 0.4124. The MACD histogram was 0.0000.

Derivatives data showed an eight-hour funding rate of 0.0050% and open interest of about $100.7 million, or 10,040,185 contracts. The global account long/short ratio was 1.6802 at 3 a.m. ET (07:00 UTC), with 62.7% of tracked accounts long and 37.3% short.

The setup leaves $10.40 as the first level to watch, with a close above $12.00 required before a potential move toward $13.00.