Avalanche Price Breaks Out As Bitwise Files for an AVAX ETF – Here’s Why the Chart Looks So Bullish

AVAX price is waking up in a big way. The token is trading around $30.95 and moving higher after Bitwise filed with the U.S. SEC to launch an AVAX ETF

This news has sparked fresh excitement and is giving even more strength to a technical setup that already looked ready to run.

The big story here is Bitwise’s plan for an AVAX exchange-traded fund. If the SEC approves it, the door opens for big money, from pension funds and wealth managers to everyday investors who like regulated products

We’ve already seen how Bitcoin ETFs helped push new money into the market earlier this year. An AVAX ETF could have the same effect, adding legitimacy and strong inflows to Avalanche.

NEW: Bitwise has filed with the SEC to launch an $AVAX ETF pic.twitter.com/CIm2K8sH3m

— crypto.news (@cryptodotnews) September 16, 2025

What the AVAX Chart Is Showing

The chart shared by trader Kamran Asghar shows a clear breakout. AVAX price had been stuck in a long downtrend for most of 2025, but that line has now been broken with conviction.

Green arrows on the chart point to areas of bullish support, places where buyers kept stepping in to defend key prices

After months of sideways trading and a breakout above resistance, AVAX now looks ready for what Asghar calls expansion phases, those quick, powerful moves higher that come after a long buildup.

Image Source: X/𝐊𝐚𝐦𝐫𝐚𝐧 𝐀𝐬𝐠𝐡𝐚𝐫

The chart even hints at possible targets if momentum continues: first $40, then $55, and maybe even $70 over time.

This is the kind of setup traders love. There’s a fundamental spark, the ETF filing, and a technical picture that already shows strength. The long downtrend is history, support is firm, and now there’s a headline that can pull in fresh buyers.

AVAX Short-Term Outlook

If the buying pressure keeps up and the ETF story stays hot, the Avalanche price could soon test the $35 to $40 range. A healthy retest of the breakout zone would likely draw even more buyers. Even a dip toward $27–$28 would probably be seen as a chance to load up, not a reason to panic.

With Bitwise stepping in and the chart pointing higher, Avalanche could be starting a new growth cycle, one that might carry it well past the $30 level in the weeks and months ahead.

Read Also: Top Expert Says XRP Price Could Hit $10–$25 by Year-End – Here’s Why

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The post Avalanche Price Breaks Out as Bitwise Files for an AVAX ETF – Here’s Why the Chart Looks So Bullish appeared first on CaptainAltcoin.