AVAX Eyes $50 Target as Institutional Inflows and Tokenization Propel Momentum
Avalanche (AVAX) is defying recent market turbulence, demonstrating remarkable resilience and attracting significant interest from both institutional and retail investors. With a notable 17% gain in recent 24-hour charts, pushing its price near $35.50, analysts are now setting their sights on a potential ascent to the $50 mark. This bullish outlook is underpinned by substantial treasury inflows and an accelerating momentum in real-world asset tokenization.
Institutional Confidence Fuels Growth
A pivotal development driving Avalanche's upward trajectory is the rebranding of AgriFORCE Growing Systems to AVAX One, establishing it as the first Nasdaq-listed entity to be built on the Avalanche blockchain. This ambitious initiative aims to raise $550 million through a combination of PIPE financing and equity-linked products, with a strategic objective to accumulate over $700 million worth of AVAX tokens. The venture has garnered robust support from leading investment firms such as Hivemind Capital and over 50 other institutions, including major players like Galaxy Digital and Kraken. Further solidifying institutional confidence, SkyBridge Capital founder Anthony Scaramucci has joined as an advisor, emphasizing Wall Street's growing conviction in Avalanche's critical role within the evolving asset tokenization landscape.
Bullish Technicals and On-Chain Signals Pave the Way
From a technical perspective, AVAX has successfully breached key resistance levels and maintains a stable position above its established $32-$34 support zone. The token's price action is currently navigating an ascending channel, buoyed by strong support from the 20-day Exponential Moving Average (EMA) at $30.43, with all major moving averages signaling a sustained bullish momentum. While the Relative Strength Index (RSI) is hovering around 71, hinting at slightly overbought conditions, overall momentum indicators remain robust. Analysts have identified $37 as the next immediate resistance level; a decisive breakthrough could pave the way for higher targets at $40, and ultimately the ambitious $47-$50 range, a zone further validated by liquidity maps indicating significant supply. Complementing this, on-chain data shows net inflows of $3.26 million on September 23, suggesting renewed accumulation, while futures open interest has surged to nearly $1.8 billion, reflecting substantial leveraged demand. Avalanche's expanding influence in tokenization, already validated by collaborations with financial giants like Apollo and JPMorgan, alongside impending ETF filings and AVAX One's treasury build-up, collectively point towards a robust long-term trajectory by effectively reducing the circulating supply.
