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

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    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



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    FAQs

    Why is the price of Avalanche (AVAX) rising?

    AVAX is rising due to strong institutional interest, including a planned $550 million fund to buy AVAX tokens and a $1 billion treasury initiative, creating significant buying pressure.

    What is the price prediction for Avalanche (AVAX)?

    If AVAX breaks above the $37.5 resistance level, analysts suggest it could rally toward $50. Key support to hold is around $32.70.

    What is AVAX One?

    AVAX One is an institutional initiative, rebranded from AgriFORCE, that plans to raise hundreds of millions to become a major holder of AVAX tokens.