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.
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.
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.
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
