- Avalanche ETFs extended their streak of zero net inflows to 16 days.
- The AVAX token traded lower amid a sluggish ETF market.
- If the bulls turn the picture around, AVAX could target $16 and then $20 in the next phase higher.
Avalanche (AVAX) price faces downward pressure near $9.00, as exchange-traded funds (ETFs) mark another notable sign of investor apathy.
Despite gains of nearly 4% last week, net inflows remain at zero and could accelerate amid an altcoin market slowdown.
Avalanche tracks a series of “bad” ETF inflows
While the spot Bitcoin ETFs have shown intermittent days of net inflows and outflows over the past month, the two AVAX spot ETFs have generated a long streak of no net inflows.
SoSoValue data It notes that VanEck’s VAVX and Grayscale’s GAVA have recorded zero net inflows for sixteen consecutive trading days, a streak that began on March 18, 2026.
This drought follows a brief spell on March 17, when funds attracted $246,000 in combined net inflows, building on the $532,000 that flowed in earlier that week.
However, since then, the capital has ground to a halt, reflecting broader altcoin fatigue in a Bitcoin-dominated market.
As of April 10, 2026, cumulative net flows to ETFs totaled $9.76 million, with daily trading volume remaining weak at $251,800.
The funds collectively manage $17.14 million in assets under management (AUM), representing just 0.43% of AVAX’s traded market cap.
This limited exposure highlights the challenges of attracting institutional interest for Avalanche’s ecosystem, despite its strengths in scaling high-throughput blockchain and subnet technology.
Avalanche price forecast
Market observers link the freeze in inflows to macroeconomic caution and geopolitical tensions that reduce appetite for risk.
ETF analysts note that without fresh capital, these products struggle to provide the liquidity boost seen in their Bitcoin and Ethereum counterparts, which could prolong AVAX price consolidation.
AVAX has failed to deliver sustained upward momentum since the token tested resistance near $35 in September 2025.
The subsequent drop below the critical psychological level of $10 has left bulls on the defensive, with sellers dominating amid fading on-chain activity and falling DeFi TVL on the Avalanche Network.
Currently, AVAX is trading around the $9.00 support zone, where the Supertrend indicator gives the advantage to the bears.
However, the fragile rally over the past week offers little hope for upward momentum or stability as bulls eye $10.00.
Technical indicators point to this possibility, with the Relative Strength Index (RSI) hovering just above 50 on the daily chart.
Analysts also pointed to the resilience of the broader cryptocurrency market, with a clean break above $10.20 likely to support it.
If the bulls negate the downtrend, the immediate target will be the $12-16 area. Highs at $20 could attract bullish traders.
However, failure to hold the $9.00 level threatens to accelerate towards $8.50, opening the door to a retest of the YTD lows of $7.53 reached on February 6.
