AVAX has surged past $30 after a 26% weekly gain, driven by rising volume, bullish technical indicators and a $1 billion treasury plan from the Avalanche Foundation that aims to buy and lock AVAX—supporting price stability and fueling further upside potential.
AVAX jumps 26% in 7 days to breach $30 resistance.
Avalanche plans a $1B treasury accumulation via two U.S. structured deals to purchase AVAX at discounts.
Technical indicators (Parabolic SAR, moving averages) and volume confirm a bullish breakout; market cap exceeds $12B.
AVAX price rallies past $30 as Avalanche unveils a $1B treasury plan; read how technicals and treasury buys may shape the next move.
AVAX breaks $30 with strong momentum analysts eye a possible return to former highs.
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- 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.
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AVAX (Avalanche) 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.
What caused the AVAX price breakout above $30?
AVAX price moved above $30 after a 26% weekly rally driven by increasing trading volume, a 4-hour squeeze breakout and on-chain and treasury news from the Avalanche Foundation. Short-term technicals flipped bullish, while planned institutional accumulation reduced immediate sell-side pressure.
How do technical indicators confirm the AVAX rally?
Short-term indicators show the Parabolic SAR dots beneath price candles and a rising short-term moving average acting as support. Volume expanded on the breakout through resistances at $26.90, $28.29 and $29.43. These signals typically indicate sustained momentum, though a decisive hold above $29.43 is needed to validate continuation.
$AVAX
Breaking out with the Phantom Indicator flashing BULLISH!
🔥 Momentum keeps building! 🟢 pic.twitter.com/g0DkPg08QN
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If AVAX maintains above $29.43, short-term targets are $32 and above; a drop below $28.29 would suggest a retest of support near $25–$26 and could slow the rally.
The Avalanche Foundation’s plan to raise $1 billion through two U.S. structured vehicles aims to purchase and lock AVAX on balance sheets. This reduces circulating sell pressure, improves treasury-backed demand and signals institutional confidence. Parties mentioned in market commentary include Hivemind Capital and Dragonfly Capital; Anthony Scaramucci is cited as an adviser on the transactions.
Avalanche’s total supply is capped at 720 million AVAX with roughly 420 million circulating. Concentrated treasury accumulation can tighten immediate available supply and, combined with higher trading volume, lift market capitalization—currently reported above $12 billion—without new token issuance.
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