Bullish
AVAX breaks $7.50 resistance, targeting $8.50 amid institutional adoption.
Avalanche's native token, AVAX, has recently surpassed the $7.50 resistance level, signaling renewed bullish momentum. This upward movement is supported by increasing institutional adoption, including significant tokenized asset migrations. However, AVAX faces the $9 resistance, which could challenge its ascent toward the $10 mark.
Key points
- AVAX breaks above $7.50, aiming for $8.50 as institutional adoption accelerates.
- AVAX One reports $35.1M quarterly loss due to non-cash charges.
- $192.8M USDC moved on Aave by unknown whale; no major disruptions noted.
Sources
- AVAX Breakout Targets $8.50 as Avalanche Institutional Adoption AcceleratesNewsCrypto · August 23, 2026
- AVAX Breaks Triangle, Hits $7.55CoinMarketCap · August 23, 2026
- Unknown Whale Withdraws and Redeposits $192.8M USDC on Aave in Single SessionKuCoin · August 23, 2026
- AVAX One Reports $35.1M Quarterly LossCoinMarketCap · August 21, 2026
AI-generated from public news sources. Not financial advice.
