Despite the recent market bloodbath, Avalanche (AVAX) continues to attract both institutional and retail interest, gaining 17% in the 24-hour charts and trading near $35.50 after a series of sharp rallies.
The token’s recent surge has been driven by whale demand, a $550 million treasury initiative, and increasing momentum in real-world asset tokenization. Analysts now suggest that AVAX could test the $50 mark if current trends persist.
Institutional Bets and Treasury Flows
The most significant catalyst came from AgriFORCE Growing Systems’ rebrand to AVAX One, making it the first Nasdaq-listed entity centered on Avalanche.
The company aims to raise $550 million through a mix of PIPE financing and equity-linked products, with the goal of accumulating more than $700 million worth of AVAX tokens.
Supported by Hivemind Capital and more than 50 institutions, including Galaxy Digital and Kraken, the move establishes Avalanche as a major player in institutional-grade blockchain adoption.
SkyBridge Capital founder Anthony Scaramucci has also joined as an advisor, highlighting growing Wall Street confidence in Avalanche’s role in the asset tokenization revolution.
Technical Outlook: AVAX Bulls Defend Key Levels
From a technical perspective, AVAX has broken through key resistance levels while remaining stable above its $32–$34 support zone. The token moves within an ascending channel, supported by the 20-day EMA at $30.43, with all major moving averages signaling bullish momentum.
The RSI hovers around 71, suggesting slightly overbought conditions, but momentum indicators remain strong. Analysts identify $37 as the next key resistance level. A breakout could unlock higher targets at $40 and eventually $47–$50, aligning with liquidity maps that mark this zone as a major supply area.
Tokenization Momentum and On-Chain Data
Avalanche’s bullish case is further supported by its growing ecosystem. On-chain flows indicate net inflows of $3.26 million on September 23, signaling renewed accumulation. Futures open interest has also increased to nearly $1.8 billion, highlighting strong leveraged demand.
Meanwhile, Avalanche’s growing role in tokenization, already tested by global players like Apollo and JPMorgan, provides a fundamental tailwind. With ETF filings underway and AVAX One’s treasury build-up reducing circulating supply, the long-term trajectory appears robust.
If AVAX clears the $37–$40 resistance zone, momentum could accelerate toward $47–$50 in the coming weeks. While short-term pullbacks remain possible, institutional inflows and tokenization demand continue to favor the bulls.
Cover image from ChatGPT, AVAXUSD chart from Tradingview
