AVAX Soars to 7-Month High! Avalanche Targets $1 Billion Fund for Crypto Companies

Avalanche (AVAX) just had a stunning rally – its price surged more than 11%, reaching a 7-month high of $29. The main driver? Reports that Avalanche is preparing a $1 billion fund to finance two new investment vehicles dedicated to crypto companies in the United States. This ambitious initiative aims to strengthen Avalanche’s position as a leading blockchain platform for capital markets.

Avalanche Attracts Investors Market sentiment shows a strong comeback of investor confidence. The Chaikin Money Flow (CMF) indicator, which tracks capital inflows, has climbed to its highest level in nearly two months. This confirms that money is flowing into AVAX as traders expect continued gains.

AVAX also benefits from its strong correlation with Bitcoin (0.80). This suggests that if Bitcoin maintains its bullish trajectory, Avalanche has a high chance of following suit.

Key Technical Levels to Watch Currently trading around $29, AVAX faces strong resistance at $30. If bulls manage to break through and flip this level into support, the token could move toward $31.15 or higher.

On the downside, if profit-taking begins, AVAX could retrace to $27 or even $25.86, erasing part of the recent rally.

Why Is AVAX in the Spotlight? 🔹 Avalanche is preparing a $1 billion fund for crypto companies

🔹 Investor interest is surging as capital inflows remain strong

🔹 Its strong correlation with Bitcoin boosts confidence in further gains Avalanche is currently one of the hottest altcoins on the market. If the billion-dollar plan succeeds, AVAX may not only maintain its momentum but also push into entirely new price territories. 🚀

#Avalanche , #AVAX , #CryptoNews , #blockchain , #altcoins

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