The Avalanche Foundation confirmed that VanEck’s Avalanche exchange-traded fund (ETF), ticker VAVX, began trading on Nasdaq on Monday, January 26, marking a major institutional milestone for the AVAX ecosystem. The listing expands regulated market access to Avalanche, signaling growing investor interest in Layer-1 blockchain infrastructure.
The ETF launch comes as institutional crypto exposure continues to broaden beyond Bitcoin and Ethereum, positioning Avalanche among a small group of networks gaining traditional financial adoption.
While the ETF does not directly hold tokens, experts say the product could influence long-term liquidity, brand credibility, and market sentiment toward Avalanche.
The Avalanche Foundation mentioned the launch in a public statement posted on X, in which it recognized the ETF as a move towards making the network more accessible to institutions.
Although it does not hold any of the AVAX tokens, it provides investors with a way to invest in the asset through a regulated financial instrument, which is in line with what is expected of traditional asset managers.
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Although the institutional signal is positive, the price action of Avalanche (AVAX) is still technically sensitive. According to a crypto analyst Ali, the price of AVAX is testing the key support level of $11.42, which is a previous demand zone.
As of Tuesday, January 27, the token has been consolidating near this price point following the sustained downside pressure observed across the broader crypto market. Analysts have indicated that the token’s defense of this price point is critical, especially with regard to assessing the sustainability of the recent ETF-driven optimism.
Source: Ali X Post
If the support of $11.42 holds, there’s a chance that AVAX could attempt a bounce towards $13.10, where resistance is present in the near term.
A stronger bounce could potentially allow AVAX to move towards the $15.00-$15.50 region, which aligns with previous consolidation regions. A break below the support could reduce the strength of the bullish case and increase the risk of further losses due to the high volatility.
Based on the TradingView data as of Tuesday, January 27, AVAX is still considered to be in a bearish trend in the short term, as indicated by the 4-hour chart, as the price was rejected at the $13.50-$14.00 resistance area.
There are also lower highs and lower lows, with the selling pressure being the highest on January 25. The slight bounce from the $11.30 area resulted in the sideways movement of the price at $11.70 and $11.80.
Source: TradingView
This cautious outlook is also reflected in the momentum indicators. Momentum indicators show a positive sign as the MACD histogram has slightly turned positive, suggesting a decrease in downside pressure.
Furthermore, the RSI has also risen into the low 40s, suggesting some buying pressure, although not very strong. Until AVAX breaks the resistance levels of $12.20 and $12.50, experts predict consolidation.
Also Read: VanEck’s Avalanche ETF Approval Could Boost AVAX Price Above $13.28
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