Blog

Avalanche argues with Crypto Market dump with 10% acquired


Key Takeaways:

  • AVAX’s 10% to $ 33 on Tuesday was afueled by avalanche treasury initiatives.

  • The growth of the Avalanche network on the TVL and Stablecoin Market Cap shows booming defi adoption.

  • The Avax pattern round pattern is a short -term target at $ 55, and $ 212 in a longer term.

AVALANCHE’S AVAX (Avax) The token advanced 10% to trade above $ 33 on Tuesday in the midst of a broader crypto market collapse, ignoring the seller’s pace. The Avax price reached 21.5% from the local low $ 29, driven by the institutional momentum, which signed a modified trust in the layer-1 token.

AVAX/USD Four -hour chart. Source: Cointelegraph/Tradingview

Positive foundations boost Avax price

The Avalanche Foundation has made some motions to strengthen the Avax institutional appeal. In early September, the nonprofit Announced plans to raise $ 1 billion Through two US-based crypto companies, which allows them to obtain millions of Avax tokens at discount rates from foundation reserves.

Related: WLFI Advisor Bets $ 2.2M AVAX, 10x Leverage after $ 550M

A vehicle, led by Hivemind Capital and Anthony Scaramucci, is targeted by Anthony Scaramucci, targets $ 500 million by a company listed in Nasdaq in a pipe transaction. This was confirmed on Monday when Agriforce Growing Systems rebranded as Avax One, Announced plans to raise $ 550 million To produce a treasury centered on Avax.

The second is reported to be conducted by a special objective vehicle, which involves Main investor in the Dragonfly Capital industry and aims to raise $ 500 million.

These Treasury companies will dispose of Avax, creating prolonged purchase of pressure and liquidity.

Interest at the Avax institution has been accelerated since February. Sweden -based asset manager Vitune introduced a product exchanged Crypto Exchange (ETP), Exposing Finnish investors to Avax.

This was followed by the application of Vaneck’s global firm to Launch an Avalanche Exchange-Traded Fund (ETF) In March and Grayscale’s filing to convert its there Trust in avalanche to an ETF last month. It is this additional cement of institutional waves, which drives the latest price rally despite market headwinds.

Avalanche Onchain activity undergo Avax price

The avalanche ecosystem expanded in 2025 with technical upgrades and many applications.

The Upgrading an octane In April the C-chain fees were killed by 98%, which drives average daily transactions to 1.4 million by Q2-a tedious 493% quarter-over-quarter increase-and active address of 57% to 46,397.

In the last week of August, Avalanche Led all blockchains With the growth of the transaction, the increase by more than 66% a week to hit a full time of 2.22 million on August 31. Although this amount has dropped since then, the scale remains high with a daily transaction number stabilizing above 1.2 million, per data from Nansen.

Avalanche: Daily transaction number. Source: Nansen

Meanwhile, the Total amount that is locked (TVL) doubles from $ 1 billion in April to $ 2.23 billion at the time of writing on Tuesday, reflecting a 120% post-octane growth, driven by protocols such as AAVE ($ 515 million TVL).

The Stablecoin Market Cap rose to $ 2.16 billion on Tuesday, an increase of 81% in the last 30 days, according to Defillma.

Avalanche TVL and Stablecoin Market Cap. Source: Defillma.

Tvl and Stablecoin Market Cap Signal Booming Defi Adoption and network use. It also improves liquidity and potential for higher Avax prices.

Avax Price Price: Circle pattern under

Avax’s daily chart shows the emergence of a rounded pattern underneath, a classic rotation of the cycle of signing of the accumulation of accumulation after a prolonged integration.

From the lows of July close to $ 17, the price tracks a subtle U-shaped U-shaped to September. This formation confirmed more than 100% increase in trading volume in the last 24 hours and a 17% jump from Monday of lows around $ 29, indicating sellers were exhausted and consumers were gaining control.

This setup creates two bullish targets for Avax. The first is a return to the pattern neckline at $ 55, an increase of 61% from the current levels.

A decisive -day -day candle near this level will confirm the pattern, covering the method for a rally towards the second target at $ 212, the measured projection of the chart below. Such a move represents a 511% increase from the current price.

AVAX/USD DAILY CHART. Source: Cointelegraph/TradingView

However, bulls should not gain too much confidence in it. Kamag -child index of strength (RSI) is close to the “overbought” threshold. The said RSI raised level over the past few years has been preceded by significant price correction.

Number Cointelegraph reportedAVAX prices should overcome immediate resistance to $ 36 to increase the odds of breaking the psychological level to $ 40 and later in the pattern’s neckline at $ 55.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.