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Avalanche's AVAX drops 8% after Helicon upgrade as traders take profits near resistance.

Protocol Fundamentals
23 Sep 2026
AMBCrypto
View Source
Neutral
Avalanche's AVAX drops 8% after Helicon upgrade as traders take profits near resistance.

Avalanche activated its Helicon upgrade on September 22, introducing six key changes to network performance, staking, and transaction fees. Despite the upgrade, AVAX price fell over 8%, likely due to traders taking profits after a strong rally pushed the price close to a major resistance level around $11.65. The upgrade improves staking flexibility, validator uptime requirements, and transaction processing efficiency, aiming to enhance network reliability and reward long-term staking. AVAX now needs to defend the $10 support level to attempt another rise toward resistance levels at $11.40 and $11.65, with potential to reach $13.50 if those are surpassed.

Avalanche's AVAX token is currently priced at Rp182.566 on Pluang, showing a 7.18% decline in the last day. The market cap stands at Rp81.87 trillion with a balanced order activity leaning slightly towards buying. These figures are as of September 24, 2026, 01:42 WIB.

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