- Avalanche is showing recovery momentum after bouncing from key support and breaking out of a triangle pattern.
- Institutional interest rises as Nasdaq and Swiss banks embrace AVAX through ETF filings and crypto services.
Avalanche (AVAX) is currently in the spotlight, especially after successfully recovering from an important support zone and showing quite convincing recovery momentum. In the last 7 days alone, AVAX has risen more than 18% and is now trading at about the $20 level.
Based on the analysis of popular crypto analyst Lingrid, from a technical perspective, the AVAX price has just broken through the consolidation triangle pattern and is starting to approach the downtrend line that has been the main obstacle so far.
Many traders are starting to pay attention, because if the price can break through the resistance zone around $23, AVAX has the potential to continue to the $27 area. For those who have been monitoring for a long time, this condition is certainly not just a passing wind.
This technical condition is also supported by an increasingly healthy structure: transaction volume is increasing and prices are printing higher lows. This is usually a sign that the market is starting to lean towards bullish. But yes, not all roads are smooth.
If it turns out that the price fails to break through the downward trend line, a correction to the $19 or even $17 area is still possible. However, as long as the price remains above $19, many analysts see this decline as an opportunity to re-enter for those who were left behind.
Institutions Are Finally Warming Up to AVAX
Interestingly, it’s not just from a technical perspective that AVAX is starting to shine. On April 10, 2025, Nasdaq filed an application with the US Securities and Exchange Commission (SEC) to list an Avalanche-based spot ETF, through a proposal from VanEck.
Previously, VanEck had also registered a similar product under the name “VanEck Avalanche ETF” in the state of Delaware since March 11. This step clearly made many market players start to take a serious look at the potential of AVAX as a more established investment asset, especially from the institutional side.
Furthermore, Swiss bank Zuger Kantonalbank also announced last March that they were adding AVAX to their crypto service portfolio. Through a collaboration with Sygnum Bank, this decision was taken to answer customer demand for crypto, which they said had continued to increase since the end of 2024.
If a universal bank is starting to pave the way for AVAX, it’s hard not to consider this as a signal that this asset is increasingly being accepted in traditional financial channels.
Avalanche Tech Drives Into Government Services
On the other hand, Avalanche’s breakthrough is not only in the investment world. Back in July 2024, the California Department of Motor Vehicles (DMV) have plans to digitize 42 million vehicle certificates using Avalanche technology.
They want to make the vehicle transfer process easier and free from fraud, while creating a mobile application so that Californians can access the digital certificates directly from their cellphones.
If this project is successful, the US will be the first country to use blockchain for vehicle certificates. Not bad, huh? From what was initially known in the DeFi sector, now it even helps with vehicle administration.
Meanwhile, in terms of internal technology development, Avalanche has just launched “Octane”—a dynamic fee system designed to improve C-Chain performance amidst spikes in network activity.
According to CNF, this is the initial stage of a series of performance upgrades that will make the Avalanche network more scalable and efficient. As adoption from the public sector and institutions increases, improvements like this have indeed become a necessity.
