Avalanche price has been trading in a sideway pattern since the beginning of the year. But October might be shaping up to be a strong month for Avalanche (AVAX)
A crypto analyst from the Altcoin Doctor YouTube channel shared a detailed breakdown of AVAX price predictions for October.
He calls this pattern the “September trap and October pump,” and according to him, it has repeated almost every year for the past decade.
This October is shaping up no differently. Just like in 2020, 2021, and even 2023, the market saw a pullback in September before staging strong recoveries in October. The analyst believes the same setup is now forming again, and Avalanche (AVAX) could be one of the main beneficiaries of this trend.
What you'll learn 👉
AVAX Price Shows Early Strength
AVAX has started October strong. It trades around $30 and holds rank 16 with a market cap of about $12.74 billion. The analyst from the Altcoin Doctor YouTube channel believes Avalanche could be close to a breakout if the pattern repeats.
On the weekly chart, AVAX is moving above the 0.136 Fibonacci level. The next target sits near the 0.382 Fibonacci zone. If this setup holds, Avalanche price could rise almost 95% from its current level
The reasoning is simple. October has consistently been one of the most bullish months in the crypto calendar, often producing double-digit returns across major coins. If that rhythm continues, Avalanche could easily extend toward the $61 level this month.
Why October Could Ignite a New Altcoin Season
The analyst didn’t just stop at AVAX charts. He also looked into broader market data, particularly Bitcoin dominance and the total altcoin market cap.
According to him, Bitcoin dominance is approaching a resistance level, which historically signals the start of altcoin season. Each time Bitcoin dominance dropped sharply in 2019 and again in 2020 altcoins experienced strong rallies. The same pattern appears to be setting up now, with October possibly marking the start of another altcoin wave.
Another indicator supporting this view is the USDT dominance chart. When stablecoin dominance falls, it often means investors are moving funds back into crypto assets. That shift has already started, which could provide liquidity for tokens like AVAX to rally further.
Avalanche Price Outlook for October
The broader crypto market is also helping the case for Avalanche. The total market capitalization of cryptocurrencies recently retested the $3.6 trillion zone and now targets around $5.6 trillion. A move toward that range would suggest fresh capital inflow and renewed bullish sentiment.
Meanwhile, the total altcoin market cap excluding Bitcoin sits at about $1.61 trillion. The analyst expects a rise toward $2.44 trillion, which could mean a 2x move for many altcoins, including Avalanche.
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That projection, if realized, would position AVAX for a strong October performance, aligning perfectly with the “pump month” narrative that has played out year after year.
Avalanche has spent much of the year trading sideways, but technical patterns and seasonal trends now point toward potential upside. October’s reputation as the market’s turnaround month gives investors reasons to stay alert.
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