Avalanche (AVAX) is trading near its lowest levels in nearly two years as the cryptocurrency market faces a broader correction in the fourth quarter of 2025. The decline is driven by global economic instability, a hawkish stance from the Federal Reserve, and geopolitical tensions, compounded by AVAX's inflationary supply model. Despite the downturn, Avalanche's recent November Granite upgrade introduced enhancements such as improved block creation, biometric authentication for decentralized applications, and more cost-effective cross-chain messaging. Additionally, the Siera Protocol launched a liquid yield token (LYT) on Avalanche, backed by stablecoin reserves. In a related development, AVAX One, a company pivoting from agri-tech to focus on AVAX, announced a $40 million share buyback, potentially impacting AVAX's price depending on funding sources. Technical analysis indicates a bearish trend for AVAX, with the cryptocurrency trading below its 50-day moving average and facing key support around $12.5.