After a 40% surge, AVAX is cooling — yet strong support and a $250 million ecosystem bet may power the next rally | Credit: Hameem Sarwar
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Key Takeaways
AVAX is coiled inside an ascending channel, backed by key indicators including a positive AO.
Strong support at $25 and a light overhead resistance signal a high probability of price recovery.
If bearish pressure escalates, AVAX price could drop below $21.79, confirming the breakdown.
A 40% price increase is hard to ignore. A quarter-billion-dollar bet may even be harder.
Over the last 30 days, Avalanche’s (AVAX) price has increased by 40%. However, today, it has slightly dipped from that point.
While the recent run gave traders a reason to look twice, a potential $250 million investment in tokenized real-world assets (RWA) might be one reason the token bounces back.
Here are the details
AVAX to Defy the Downturn
At press time, AVAX was trading at $25.34, down 5.22% in the last 24 hours.
However, while the price has slipped, on-chain data suggests a rebound may be near.
According to IntoTheBlock’s In/Out of Money Around Price (IOMAP), AVAX has strong support around $25.06.
At this price range, 639,560 addresses scooped up over 20 million tokens — and are currently sitting on unrealized profits.
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Meanwhile, from $25.41 to $29.23, the volume held in unrealized losses is relatively light, meaning no major sell wall blocks the path higher.
In short, the structure favors a bounce. With solid support below and minimal resistance above, AVAX’s price could break through overhead zones and resume higher, assuming bulls step in to defend the current level.
AVAX In/Out of Money Around Price | Credit: IntoTheBlock
Avalanche Wants a Bridge to Wall Street
Amid the recent AVAX price action, Avalanche dropped another update. The team revealed that a group of partners has launched a $250 million Real-World Asset (RWA) deployment on the Avalanche ecosystem.
The initiative includes heavyweights like asset management firm Janus Henderson, on-chain finance firm Centrifuge, and Grove Finance.
“A new milestone unlocked for tokenized RWAs: Grove launches with a $250 million RWA target deployment, introducing Grove Finance, centrifuge, and $373 billion AUM asset manager Janus Henderson to Avalanche’s growing RWA ecosystem,” Avalanche revealed on X.
While the AVAX price rally has cooled off, this kind of capital deployment could catalyze its recovery.
AVAX Price Analysis: Pullback Before the Pivot
Despite the recent dip, the AVAX price remains firm in its ascending channel on the daily chart.
The Awesome Oscillator (AO) has flipped into positive territory, signaling renewed bullish momentum.
If bulls hold the line, AVAX could shoot at breaking resistance at $29.81 and $33.39.
The Supertrend indicator, which has printed its green line below the current price, supports that thesis. This is a clear sign of underlying support.
If this setup holds, a move toward $38.50 (near the 0.786 Fibonacci level) is on the table. Should the broader crypto market catch a bullish wave, $45 becomes the stretch target.
But not all roads point up. AVAX risks a breakdown below the ascending channel if bearish momentum creeps back in. The price could slip below $21.79 in that case, triggering a deeper correction.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
