Avalanche (AVAX) is trading at $34.69, marking a 2% increase in the past 24 hours. The cryptocurrency has seen $3.26 million in net inflows, with futures open interest on the rise. Institutional support, highlighted by AVAX One's $550 million treasury and Anthony Scaramucci's advisory role, is bolstering long-term confidence. Technical analysis indicates $37 as the next resistance level, with potential to reach $50 if buying momentum continues. Analysts emphasize that sustained daily inflows exceeding $10 million are crucial for a significant price breakout.