AVAX Eyes $15 as Treasury Debt Hits Zero, but $8.33 Stands in the Way
AVAX has a fresh corporate development to build on, but its price chart isn’t making things easy. Avalanche treasury company AVAX One has eliminated its remaining $970,000 in convertible debt, bringing its outstanding balance to zero. Yet AVAX trades near $8.26, just below a critical resistance level that could determine its next move.AVAX One Clears Debt and Expands Share BuybacksThe company’s latest balance-sheet update marks a significant reduction in debt. AVAX One removed more than $14.9 million in debt during the third quarter before eliminating its remaining $970,000.That’s not the only development. In October, the company repurchased 710,000 shares at an average price of $5.46. Total buybacks since November 2025 have reached nearly 1.5 million shares.There’s still considerable room in the program. Approximately $30.4 million remains available under its $40 million share repurchase authorization.AVAX Price Faces an $8.33 Resistance ProblemNow comes the less comfortable part. AVAX is trading around $8.26, slightly below former support at $8.328, which has become an important level to reclaim.The chart scenario allows for another decline toward the low $7 range before a potential recovery. However, buyers need a daily close above $8.328, followed by a successful retest.Breaking the descending trendline is another requirement. Without that confirmation, talk of a $15 recovery remains speculative.🔺 HAS A $15 TARGET AND AN $8.33 PROBLEM.🚀 Trade AVAX here: is near $8.26 on the daily chart, just below former support at $8.328. The path I’ve drawn allows for a dip into the low $7s first. The signal I’m watching for is a daily close… Can AVAX Push Toward Its $14.93 Target?If the recovery gains traction, $10.511 and $12.043 are the next resistance levels. Turning both into support could bring $14.931 into focus, representing approximately 81% upside from the chart’s reference price.But there’s a clear downside condition. A daily close below $6.321 would invalidate the illustrated recovery setup.For AVAX, the combination of AVAX One’s debt elimination and continued buybacks makes an interesting corporate story. Still, the $8.328 reclaim remains the immediate market test, and the $14.931 target needs confirmation rather than optimism.