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Avalanche’s native token AVAX has surged to a seven-month high, breaking through key resistance levels with analysts predicting a potential 35-40% rally toward yearly highs. The momentum is fueled by both technical breakthroughs and significant ecosystem developments including a $1 billion treasury initiative and strategic partnerships with major corporations.
- AVAX broke key $26.50 resistance, turning it into support for first time since February 2024
- Avalanche Foundation seeking $1 billion for two US crypto treasury vehicles to purchase millions of AVAX
- Strategic partnership with Toyota Blockchain Lab to develop Mobility Open Network for emerging use cases
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