Avax quotes about $ 34 after a sharp rally, with whales and institutions that drive the impulse despite the exaggeration signs.
Summary
- Avax Price has increased despite the recession of the cryptographic market, with a 200% increase in negotiation volumes.
- Agriforce pivota A Avax One, aimed at $ 700 million in tokens holdings.
- The whales open long, but RSI to 70 indicates the risks of exaggeration.
Avalanche quoted at $ 34.42 at the time of publication, 8% more in the last 24 hours. Token has won 17% in the last seven days and 32% in the last month, moving within a range of $ 29.40– $ 35.55 during the week.
The timely negotiation volume increased to $ 2.62 billion in the last 24 hours, an increase of 198.8% from the previous day. Derivative activity also increased, according to Coinglass dataWith open interests that increase 18% to $ 1.77 billion and volumes increase 140% to $ 5 billion.
This combination of increasing spots and leverage exposure points to aggressive positioning, a configuration that often feeds acute movements in any direction.
Institutional and whale flows
Institutional appetite For avalanche (Avax) It is building impulse. On September 22, Agriforce Growing Systems Ltd. announced plans to change the name of Avax One, turning away from agricultural technology to become the first entity focused on avalanches in Nasdaq.
The company intends to raise around $ 550 million through a combination of pipeline financing and instruments linked to shares, with the long -term objective of acquiring more than $ 700 million in Avax tokens. More than 50 institutional investors, including Galaxy Digital and KrakenAccording to reports, they are exploring the assignments.
At the same time, whales are assuming leverage bets. Blockchain Analytics signs Lookonchain marked Two significant long positions on September 23. A wallet opened a long leverage worth 514,906 AVAX ($ 17.2 million), which already showed about $ 1 million in unrealized profits.
Another account, linked to Ogy, an advisor to World Liberty Financial, opened a 10x long with 66,479 AVAX ($ 2.2 million). These movements suggest that well capitalized players are still sure of Avalanche’s trajectory, despite the recent rally.
Price Avax technical analysis
From a technical point of view, Avax presses against the upper band of its Bollinger channel about $ 36.80, a level that now acts as a resistance. With a relative force index of 70.7, the Token is on the verge of the territory. The stochastic oscillator is also high, which suggests short -term exhaustion.
Even so, the trend force remains intact. All the main mobile averages, from the 10 -day EMA to the 200 -day SMA, are flashing signs of purchase, confirming a wide -based bullish structure. The MACD is still in positive territory, indicating that bulls still have control.
TO break Above $ 36.80, the road to $ 38 and possibly $ 40 could clear, while immediate support is $ 32.40 and $ 29.50.
