AVAX Price Rises to Highest Level Since January, Here's Why

AVAX Price broke through US$10.82 on September 20, 2026, the highest level since late January according to a Traders Union report.

This increase occurred after information emerged regarding the testing of Avalanche technology by the New York Stock Exchange or NYSE.

From a low of around US$7.55 on September 18 to US$10,829, AVAX rallied around 43.4% based on the calculation of the two prices. 

As of CoinGecko's reading of September 21, 2026, the price was already around US$11.56. 

However, news of the testing doesn't necessarily mean the NYSE officially selected Avalanche. Understanding these differences is crucial for assessing the rally drivers and risks as market expectations rise.

Key Takeaways

• AVAX reached US$10,829 on September 20, then recorded at around US$11.56in CoinGecko reading dated September 21, 2026.

• NYSE's testing of technology reinforces expectations of institutional use,but there has been no final announcement of Avalanche's selection in the report.

• Network activity is increasing, but capital indicators are not yet uniform:TVL is up,while weekly stablecoin capitalization decreased.

AVAX Price Update After Breaking Through January Peak

Avalanche moves rapidly, so the price in the news should be distinguished from the quote in the next update. US$10,829 is the peak reported on September 20th, not the current price for the entire period thereafter.

Source: Traders Union And CoinGecko. Market data changes all the time.

With this position, the targets of US$8.35, US$9.55, and US$10.47 in the previous analysis have been exceeded.

This level is no longer appropriate to present as the next upside target without reanalysis.

NYSE Testing Becomes Key Driver of AVAX Sentiment

AVAX to USDT via Bittime Market

According to Traders Union, citing The Block, Ava Labs President Charlie Cooper said the NYSE has been testing Avalanche technology for about a year.

The assessment covers technical capabilities as well as economic aspects of possible implementation.

Michael Blaugrund of Intercontinental Exchange, the parent company of the NYSE, also reportedly stated that ICE is working closely with the Avalanche team. The technology is considered to meet many of the company's needs.

This information strengthens expectations of Avalanche's use for tokenized securities infrastructure.

The market is responding to the possibility of adoption by large institutions, although the scale and form of implementation are yet to be determined.

The NYSE has not yet announced Avalanche as a final pick in the report.Testing, evaluation, and implementation agreements are separate stages; the current price increase does not prove that all expectations will be realized.

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Avalanche Network Activity Also Increases

The price rally was also accompanied by increased ecosystem activity. Traders Union, citing DefiLlama data at the time of its report, reported that Avalanche's total value locked (TVL) rose by around 13% in 24 hours to US$602 million.

This activity provides additional context for the AVAX price increase. However, the number of addresses does not equate to the number of unique users, and the increase in TVL in dollar terms can be influenced by changes in the asset's price.

Therefore, increases in network numbers need to be interpreted in conjunction with the duration of the growth. A brief spike does not guarantee sustained long-term usage.

Read Also: The $3 Million Revolut Hack: A Digital Attack Threatens Global Fintech Security

Why Does the AVAX Rally Still Need Confirmation?

Analyst highlighting the need for a break of resistance and a firm close above the previous lower high.

The analysis precedes the September 21 price update.

The risk of profit realization is already visible in the report.

After touching US$10.82, AVAX briefly dropped to US$9.76 before the next market snapshot showed a higher price.

Additionally, the Avalanche stablecoin's market capitalization was reported at around US$1.26 billion, down 6.7% over the week.

This means that the increase in activity has not been accompanied by uniform capital growth across the ecosystem.

Read Also: NEAR September 2026 Price Prediction: Airdrop and Can It Reach US$3.33?

AVAX Outlook after Institutional Rally

The continuation of the rally depends on developments on the NYSE, the resilience of market demand, and network activity after the initial surge.

The announcement of a real implementation will provide different evidence than statements regarding testing.

For technical analysis, prices need to be evaluated using recent charts and volume. RSI data, open interest, and the long/short ratio from previous analysis are insufficient to describe the conditions following this significant rally.

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FAQ

Why is the price of AVAX rising?

Reports attribute the rally to news of Avalanche testing by the NYSE, tokenization expectations, and increased network activity.

What is the latest price of AVAX in this article?

CoinGecko's snapshot on September 21, 2026, shows it at approximately US$11.56. The price may change after the reading.

Has the NYSE officially selected Avalanche?

No final decision has been announced in the Traders Union report used.

Is the AVAX target of US$10.47 still valid?

This level has been exceeded in the updated data, so it is not appropriate to call it the next increase target.

What are the main risks after the Avalanche price surge?

Realized gains, unmet institutional expectations, and uneven ecosystem capital growth could limit the continuation of the rally.