The post Avalanche (AVAX) Attempting a Bullish Move—Can it Make it to $50 This Month? appeared first on Coinpedia Fintech News
Avalanche (AVAX) has staged an impressive rebound, swiftly recovering from yesterday’s dip and reclaiming its earlier levels. The surge in trading volume over the past week highlights a significant uptick in market participation, reflecting renewed investor confidence. Such momentum-driven price action is rarely seen during bearish conditions, suggesting that the AVAX price may be carving out a strong bullish trajectory. With growing activity and consistent upward pressure, Avalanche appears well-positioned to sustain its rally in the near term.
Why AVAX Price is Rising?
Avalanche (AVAX) is bouncing back with notable strength, signaling growing bullish sentiment in the market. Today’s price action is being supported by key institutional moves and ecosystem developments that could sustain momentum in the near term.
- AVAX One / AgriFORCE Initiative: AgriFORCE Growing Systems, now rebranding as AVAX One and backed by Anthony Scaramucci and Hivemind Capital, plans to raise $550 million to buy AVAX tokens. Such large-scale acquisitions create strong buying pressure, bolstering short-term price strength.
- Avalanche Foundation Treasury Plans: The Avalanche Foundation is targeting $1 billion to set up U.S.-based crypto treasury companies. These funds are expected to be used for AVAX purchases, highlighting increasing institutional interest and accumulation potential.
- Ecosystem Growth: AVAX’s Total Value Locked (TVL) is steadily rising, driven by expanding DeFi activity and subnet adoption. Upcoming upgrades, including lower fees and real-world asset integrations, further strengthen its long-term bullish outlook.
These fundamental drivers set the stage for AVAX’s price movements, but the real insight comes from examining the charts. By analyzing recent support and resistance levels, trading volumes, and momentum indicators, we can identify key zones where AVAX may either continue its bullish push or face short-term pullbacks.
What’s Next? Will Avalanche Price Reach $50?
Avalanche price has maintained a steady upswing since July and has rebounded firmly in the case of extended bearish actions. Moreover, in a wider perspective, the price has reached the neckline of the parabolic recovery curve, and hence a breakout above the range could trigger a fresh bullish move.
AVAX is displaying a classic cup-and-handle breakout setup, with price currently testing the neckline resistance around $36–$37.5. A successful breakout above this zone could push AVAX toward $41.5 and $43.8, with an extended target near $50. The DMI indicator shows bullish dominance as +DI stays above -DI, while the rising OBV confirms strong buying volume. However, failure to clear resistance may trigger a retest of $32.7 support, keeping consolidation in play before the next leg up.
In conclusion, AVAX is showing a strong bullish setup with its cup-and-handle formation nearing completion. Holding above the $32.7 support keeps momentum firmly in favor of buyers, while a decisive breakout above the $36–$37.5 resistance zone could ignite a rally toward $41.5, $43.8, and even $50. With volume trends and indicators aligning in support of the uptrend, the coming sessions will be crucial in determining whether AVAX cements its breakout or faces another short-term consolidation.