Technical Analysis of Avalanche (AVAX)

🔸 Current Price

$19.6 USD (based on Binance data).

The coin is trading between $18.6 – $19.7 over the last few hours.

🔸 Technical Overview

AVAX has broken out of a long-term descending channel, signaling a potential bullish reversal.

Key Support Levels: $18 – $20.

Major Resistance Zones: $26.5, then $34 – $35.

A confirmed breakout above $26.5 could open the door for a move toward $40 in the medium term.

On the downside, losing the $18 level might lead to a retest of the $16 range.

Technical indicators such as the 50-day MA ($28.1) and the 200-day MA ($22.9) are showing signs of convergence, which often precedes a trend reversal if momentum continues.

🔸 Latest Developments in the Avalanche Project

1. “Avalanche9000 (Etna)” Upgrade

This major upgrade aims to make subnet launches faster and cheaper, significantly reducing transaction fees.

🔹 Why it matters: It could attract more developers and projects, increasing network activity and boosting AVAX demand.

2. Institutional Investment and Treasury Plans

The Avalanche Foundation plans to raise around $1 billion to create two U.S.-based digital treasury companies that will purchase AVAX directly.

🔹 Why it matters: Institutional entry brings higher liquidity, credibility, and potential long-term price stability.

3. Expansion into Real-World Assets (RWA)

Avalanche is onboarding projects tied to real-world applications and showing steady growth in active wallets.

🔹 Why it matters: This signals organic network adoption beyond speculation, strengthening the fundamental value of AVAX.

🔸 Market Outlook

Bullish Bias (Conditional): If AVAX holds above the $26 zone and momentum continues, targets around $35–$40 could be achievable in the coming months.

Neutral to Cautious: A drop below $18 could return the coin to a lower consolidation range between $18–$22.

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