Avalanche (AVAX) is approaching a critical resistance level of $20 following the US Treasury and IRS's approval of staking for crypto ETFs. The newly issued Revenue Procedure 2025-31 permits regulated funds to stake digital assets such as Ethereum (ETH) and Solana (SOL) while retaining pass-through tax status. This regulatory clarity is expected to enhance institutional participation in proof-of-stake networks, potentially benefiting Avalanche. Currently trading at $17.75, AVAX has demonstrated resilience after a recent dip to $16. Analysts believe that a breakout above the $20 mark could indicate renewed investor interest and further price momentum for the cryptocurrency.