AVAX is maintaining stability between $19.00 and $19.40, with strong buyer support suggesting accumulation and short-term bullish sentiment. Analysts predict a potential 9% rally towards $21 if current momentum persists. Institutional investments, such as M2 Capital's $21 million injection, and ongoing ecosystem developments are enhancing Avalanche's growth prospects.
The Avalanche Foundation's involvement in a $675 million SPAC deal, along with increased integration in South Korea and Japan, further supports the network's expansion. A daily close above $21 could indicate a shift in the short-term trend, while failure to break this level might lead to a retracement.
AVAX Holds $19 Support as Institutional Investments Fuel Growth
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