From Coinpedia · By Yash Jain
Story HighlightsAVAX One eliminated its remaining $970,000 convertible debt after removing over $14.9 million in Q3.
The company repurchased 710,000 shares in October, with $30.4 million remaining in its buyback program.
AVAX needs to reclaim $8.328 before the chart's $14.931 recovery target becomes relevant.
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.
Advertisement AVAX One Clears Debt and Expands Share Buybacks
The 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 Problem
Now 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.
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.
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