Avalanche (AVAX) traded at $8.80 on November 1, 2026, posting a 24-hour gain of 4.22% that offered some near-term relief for holders of the layer-1 blockchain token.
The weekly picture was essentially flat, with a 7-day change of just 0.15%, suggesting the token has struggled to build sustained momentum despite the daily bounce. The monthly view tells a starker story: AVAX is down 21.18% over the past 30 days, reflecting a significant drawdown from recent levels.
Avalanche's market capitalization stood at $3.85 billion as of the report date, placing it among the larger digital assets by that measure. The gap between the short-term gain and the longer-term decline highlights the volatility that has characterized the token's recent trading activity.
Trading at $8.80, AVAX remains well off the ground it held a month prior. Whether the daily advance represents the beginning of a broader recovery or a temporary move within a longer downtrend cannot be determined from current price data alone.
