The post AVAX Price Hits $10 Amid Stagnant $800M TVL on Avalanche appeared on BitcoinEthereumNews.com.

The AVAX price challenges the key resistance trendline of inverted flag pattern, suggesting a potential breakout for renewed market recovery. Risk-sensitive assets, including cryptocurrencies, remained volatile as macroeconomic uncertainty increased. The downsloping resistance of daily exponential moving average (50, 100, and 200) suggest the broader trend remains bearish. AVAX, the native cryptocurrency of Avalanche Network, records a 1.26% surge during Thursday’s market hours to trade at $9.67. While the majority of major cryptocurrencies show restricted recovery amid geopolitical tension, the AVAX showcased a notable uptick following Grayscale’s launched AVAX Staking ETF on Nasdaq. The renewed recovery prepares AVAX price for a major breakout from the $10 region. Avalanche Rises as Crypto Market Recovers from Geopolitical Pressure This week, the cryptocurrency market witnessed a slow yet steady recovery amid a geopolitical crisis in the Middle East. The escalating tension between Iran and the U.S. raised the oil price to $100 per barrel, signaling a risk of immediate inflation pressure on risky assets. However, the AVAX price bounced from $8.81 to $10in the last four days’ registering a gain of 10.1%. Consequently the asset’s market cap surged to $4.27 billion. AVAX gained this additional momentum as the asset management company Grayscale launched its AVAX Staking ETF (ticker: GAVA) on Nasdaq. The product, which began trading on March 12, 2026, provides regulated exposure to AVAX while incorporating staking rewards. However, the total value locked (TVL) on AVAX has not changed much near $800 million since early February, according to data from DefiLlama. The lack of growth in locked capital implies that little new liquidity has been entering the Avalanche ecosystem in recent weeks, as far as its DeFi protocols are concerned.  This stagnant trend may indicate a slowing trend in network activity and cautious investor sentiment, as market participants are seemingly unwilling to…

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Filed under: News - @ March 13, 2026 7:26 am