AVAX One Builds Nearly $120M Treasury as AVAX Price Tests $7

• AVAX One holds 14.17 million AVAX worth approximately $119 million, with 99.7% of its treasury staked at an annualized yield of 5.85%.
• Q3 revenue reached $2.4 million, more than quadrupling year over year, while convertible debt fell to zero.
• AVAX trades at $7.33 in a broader downtrend, with $7 support and $7.60 resistance as bearish MACD momentum persists.

AVAX One reported 14.17 million AVAX worth nearly $120 million in its Q3 2026 results. The Nasdaq-listed treasury firm said it had staked 99.7% of its holdings on Avalanche, earning about 5.85% annually. Revenue reached $2.4 million, more than four times its year-earlier level, and convertible debt fell to zero.

https://twitter.com/avax_one/status/2120993538800533693?a=Undz8wrd3RQcS5gY2wg&s=20

AVAX One Reports Treasury and Financial Results

The company reported $2.4 million in Q3 revenue, more than four times its year-earlier figure. It also eliminated more than $14.9 million in convertible debt during the quarter, bringing its debt balance to zero.

AVAX One repurchased approximately 384,000 shares during Q3. It bought another 710,000 shares in October. Its 14.17 million AVAX holdings were worth about $119 million, or nearly $120 million, at the time of the disclosure. Nearly all those tokens were staked, generating an annualized yield of approximately 5.85%.

AVAX Price Remains Below October Levels

Despite the treasury update, AVAX continued trading within a broader downtrend on Binance’s four-hour chart. The token stood at $7.332, up $0.122, or 1.69%. Its latest candle opened at $7.211, reached $7.342, and touched $7.185. Trading volume reached 166.49K AVAX.

Source: TradingView

AVAX has fallen from above $10.50 in mid-October to around $7.33 in mid-November. The decline broke previous support near $9 and $8, while the price formed lower highs and lower lows. Immediate support is between $7.00 and $7.10, with $6.70 below. Resistance stands around $7.50 to $7.60, followed by $8.

Technical Indicators Show Weak Momentum

The RSI registered 32.67, below its moving average of 36.29. Although the reading has recovered from oversold territory, buying momentum remains weak. The MACD line stood at -0.315, below its signal line at -0.223. 

Its histogram registered -0.092, indicating continued bearish momentum. A sustained move above $7.60 could bring $8 into view. However, losing the $7 support area could expose $6.70. A bullish MACD crossover, stronger volume and an RSI recovery would provide further evidence of a reversal.