AVAX Price Hits 7-Month High, Seeks $1 Billion for Crypto Firms

At the time of writing, AVAX is trading at $29.00 after rising 11.3% in a single day. The surge pushed the token to a 7-month high, though it is currently facing resistance at $30.00.

If investor enthusiasm holds, Avalanche could flip the $30.00 resistance into support, enabling a move toward $31.15 or higher. Sustained inflows and stronger correlation with Bitcoin would reinforce this bullish trajectory.

However, risks remain. If investors begin booking profits at current levels, AVAX could lose momentum. A dip to the $27.00 support or even further to $25.86 would erase much of the recent rally and invalidate the bullish thesis in the short term.