- AVAX jumps over 26% in 7 days, breaching key resistance and hitting $30.
- Avalanche plans to raise $1B through two firms to buy AVAX at discounted rates.
- Technical indicators confirm bullish momentum with volume backing the rally.
Avalanche (AVAX) has broken above $30 for the first time in months, backed by strong technicals and a bold $1 billion treasury plan. The breakout signals growing investor confidence.
Strong Technical Breakout Lifts AVAX
AVAX has gained over 26% this week, now trading around $30.46. The price broke out from a tight range near $25.88, supported by growing volume and bullish indicators. On the 4-hour chart from Binance, the breakout came after a squeeze pattern, signaling rising volatility.
Green Parabolic SAR dots flipped below the candles, confirming upward momentum. AVAX pushed through resistance levels at $26.90, $28.29, and $29.43 with strong buying pressure. A sloping green moving average now acts as support, showing the trend is intact.
If AVAX holds above $29.43, bulls may target $32 and higher but drop below $28.29 could mean a retest of the support.
Momentum Builds as Bulls Eye Higher Targets
AVAX traded as high as $147 during the last bull run. Since June 2025, it has rebounded from $16 to over $30, building stronger foundations this time around.
Development activity on Avalanche remains high. Santiment ranks it among the top three in real-world asset development. Market cap has now passed $12 billion.
If momentum continues, AVAX could test higher resistance at $32 and beyond. With volume and structure backing this move, a return to past highs may not be far off.
$1B Treasury Push from Avalanche Foundation
The Avalanche Foundation is fueling confidence with plans to raise $1 billion via two U.S. treasury firms. Each company will purchase AVAX directly from the foundation at discounted prices, locking in long-term holders.
The first firm is structured by Hivemind Capital and tied to a Nasdaq-listed company, expected to close this month. The second, backed by Dragonfly Capital, involves a SPAC and may finalize by October.
Anthony Scaramucci is advising on both deals. The model mirrors treasury plays by companies like Strategy, aiming to accumulate and hold large amounts of crypto on balance sheets.
Avalanche’s total supply is capped at 720 million AVAX, with about 420 million currently circulating. Direct sales through these firms help manage future token distribution and reduce market volatility.
