bullish

Avalanche

<p>The Avalanche (AVAX) price shows promising signs of a potential rebound after a long correction period. While the token is currently trading at $26.19, the recent break of a key resistance at $22.80 suggests a shift in dynamics. This development comes amidst growing interest from institutional investors in the cryptocurrency.</p> 
<h2 id="h-des-indicateurs-techniques-favorables-a-une-reprise">Favorable Technical Indicators for a Recovery</h2> 
<p>The <a href="https://www.cointribune.com/curve-crv-en-quete-dun-potentiel-rebond-analyse-technique-du-01-aout/" target="_blank" rel="noreferrer noopener">technical analysis</a> of the AVAX price reveals several encouraging signals for investors. After trading for 6 months in a well-defined descending channel, the token seems ready to reverse its bearish trend.</p>
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<p>On his X account, crypto analyst Dom <a href="https://bitcoinist.com/avalanche-avax-is-preparing-for-a-rally-market-data-shows/" target="_blank" rel="noreferrer noopener">highlights</a> the importance of the psychological level of $25 as a confirmation point for a bullish reversal. A sustained breach of this threshold could trigger significant positive momentum for AVAX.</p> 
<p>Currently, the price is testing the 200-period exponential moving average (EMA) on the 4-hour chart, a major technical indicator. Consolidation above this level would pave the way for progress towards $25.88, further reinforcing the <a href="https://www.cointribune.com/en/crypto-avax-shows-bullish-signs-despite-selling-pressure/" target="_blank" rel="noreferrer noopener">bullish scenario</a>.</p> 
<p>However, caution is still advised. Failure to hold above the 200 EMA could lead to a return to the $22.80 support level.</p> 
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<h2 id="h-l-interet-institutionnel-comme-catalyseur">Institutional Interest as a Catalyst?</h2> 
<p>The recent announcement by Grayscale Investments regarding the launch of the Grayscale Avalanche Trust sheds new light on the <a href="https://www.cointribune.com/en/crypto-avalanche-avax-is-back-with-strength/" target="_blank" rel="noreferrer noopener">prospects for AVAX</a>. This product, aimed at providing exposure to the AVAX token for institutional investors, is part of a series of Grayscale initiatives to democratize access to cryptocurrencies.</p> 
<p><a href="https://www.cointribune.com/crypto-grayscale-supprime-cardano-et-cosmos-de-ses-actifs/" target="_blank" rel="noreferrer noopener">Grayscale</a> is expanding its offerings, now counting more than 20 crypto investment products. The arrival of a trust dedicated to AVAX could thus catalyze a new influx of capital into the token, potentially supporting its nascent bullish dynamics.</p> 
<p>In a market seeking new drivers of growth, Avalanche may well stand out thanks to this renewed institutional interest.</p> 
<p>The introduction of an AVAX investment product aimed at traditional investors could stimulate demand and support the token’s price. This dynamic, coupled with the <a href="https://www.cointribune.com/les-indicateurs-techniques-les-plus-populaires/" target="_blank" rel="noreferrer noopener">positive technical signals</a>, suggests significant upside potential for the Avalanche token in the coming months.</p>

Crypto: AVAX is Regaining Color, Will its Price Soar?

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