Avalanche (AVAX) is showing steady growth, breaking key resistance levels and targeting significant values above $30.
Breakout Above Key Resistance
Avalanche (AVAX) has overcome an important resistance zone, lifting its price to nearly $29 after a successful week. Daily trading volume stands at $1.79 billion, with the token advancing 8% in the past 24 hours and 16% over the last seven days.
Technical Structure Points Higher
AVAX has been forming higher lows since June, creating pressure against the resistance. The breakout occurred on strong volume, indicating active buyer participation. Analysts predict that AVAX could reach the $40-$42 range, marking significant growth since early 2025.
Avalanche Foundation Plans and Institutional Testing
The Avalanche Foundation is in talks to establish two cryptocurrency treasury companies in the U.S., aiming to raise approximately $1 billion. Meanwhile, investment firms like BlackRock and Apollo are using the Avalanche network to test fund tokenization.
With the confirmed breakout and growing interest from institutional investors, AVAX remains in focus for traders and analysts anticipating further growth.
