Core Insights - Avalon Labs' native token AVL experienced an 8% daily increase on September 10, attributed to a significant buyback and burn program aimed at enhancing the token's long-term value [1] - The buyback and burn initiative successfully removed 13,955,164 AVL tokens from circulation, which is approximately 37% of the current market supply, following a total investment of $1.88 million [1][2] - Since the program's inception in June 2025, Avalon Labs has burned a total of 93,955,164 AVL tokens, funded entirely by the company's monthly protocol revenue [2] Token Performance - Despite the recent surge, AVL is still trading 70% below its peak price of $0.70 reached in March, currently priced around $0.145 with a market capitalization of $23.47 million [4] - The daily price chart indicates rising buying pressure, with the RSI not yet in overbought territory, suggesting potential for further price increases [5] - The Bollinger Bands are widening, indicating increased price volatility, with the price recently testing the upper band, which may signal a trend reversal [5] Future Outlook - A sustained price hold above the mid-band with increasing volume could confirm bullish momentum and push the upper band higher [6] - Conversely, if selling pressure returns, support levels around $0.13 and $0.12 may be tested [6]