Avalanche (AVAX) Aims for $30 Breakout Amid Strong Partnerships
Avalanche (AVAX) Update
- AVAX is currently trading above $26.5, marking four consecutive days of gains.
- Bulls are targeting a breakout above the $27–$28 resistance zone.
- Ava Labs has formed partnerships with WeBlock for RWA tokenization and Toyota Blockchain Lab for mobility infrastructure.
- The WeBlock deal will introduce regulation-compliant tokenized products and a stablecoin pilot in South Korea.
- The Toyota partnership aims to develop the Mobility Open Network (MON) for smart transport and shared mobility.
- AVAX open interest has reached a record $1.07 billion, indicating strong capital inflows from derivatives traders.
- Technical indicators show AVAX above its 50-day and 200-day moving averages, confirming a Golden Cross.
- The RSI is at 61, suggesting further upside potential.
- The MACD histogram is positive, indicating accelerating momentum.
- If AVAX closes above $26.9, it could target $29.78 and potentially reach $32–$35 within two to three weeks.
- A failure to hold current levels may lead to a retest of support near $25.15, with risks increasing if $24.00 breaks.
