Sep 12, 2025
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Avalanche (AVAX) Rallies 22.7%, Analysts Predict $40 Target
Avalanche (AVAX) recently reached a seven-month high of $29.99, surpassing the $26.50 resistance and turning it into support. This upward trend suggests potential for a 35%-40% rally.
Avalanche's Potential Rally
- The cryptocurrency has shown five consecutive daily green candles.
- A breakout past current resistance could lead to a price range of $40-$45.
- Weekly closes above $26 may enable further growth towards the Macro Wedge Top near $35.
- Next resistance is around $35-$36; support is at $24 if rejected.
Driving Factors Behind AVAX's Momentum
- The Avalanche Foundation aims to raise $1 billion through two US-based crypto treasury vehicles.
- One vehicle involves a $500 million private investment led by Hivemind Capital.
- The second vehicle is a SPAC deal sponsored by Dragonfly Capital, also seeking $500 million.
- Proceeds are intended for purchasing AVAX from reserves, supporting its momentum.
Strategic Partnerships
- Ava Labs partnered with Toyota Blockchain Lab to develop the Mobility Open Network (MON).
- Signed an MoU with WeBlock to enhance RWA tokenization and stablecoins in South Korea.
Currently, Avalanche trades at $29.04, marking a 22.7% increase over the month.
