🚀 #Avalanche Just Smashed Through $30 – But That’s Not the Real Story…🤔
🔥 The Breakout
$AVAX has gone parabolic, up 26% in just 7 days. It finally broke the $30 barrier, a level traders have been eyeing for months. The charts lit up green, volume exploded, and technicals are screaming bullish momentum.
💰 The Billion-Dollar Play
Here’s the twist. The Avalanche Foundation is raising $1B through two U.S. treasury firms. They’ll buy AVAX at a discount, lock it up, and hold long-term. One deal is tied to a Nasdaq-listed company. The other involves Dragonfly Capital and a SPAC. Oh, and Anthony Scaramucci is in the mix too.
📊 The Setup
AVAX broke resistance at $26.90, $28.29, and $29.43. Now sitting at $30.46, bulls are targeting $32 next. If this rally holds, some analysts say we could even see a run back to its old highs near $147.
😂 The Mood
Avalanche basically said: “Bear market? Never heard of her.”
With a capped supply of 720M AVAX and a $12B market cap already, this treasury push is a major power move.
So… is this breakout just the beginning of Avalanche 2.0, or will the hype cool off before $32?
What do you think about this?
