The post Avalanche Closes in on Top 13 Spot as Momentum Builds appeared on BitcoinEthereumNews.com.

Altcoins Avalanche (AVAX) is seeing renewed investor interest as large-scale holders ramp up accumulation, fueling speculation of a potential breakout. On-chain data shows whale inflows rising by nearly 380%, signaling strong confidence that a price push may be imminent. With AVAX hovering just below key resistance levels, analysts are watching the $24 mark closely, suggesting that a sustained rally could lift the token toward $30. The bullish momentum aligns with broader market strength, especially as Bitcoin trades near record highs. Avalanche’s upward trend is also being reinforced by major ecosystem developments. The recent launch of Avalanche Fusion—a $100 million initiative aimed at accelerating development through modular infrastructure—is expected to unlock new growth opportunities. Additionally, AVAX is gaining visibility through a strategic partnership with FIFA, which selected Avalanche to power its Web3 infrastructure, marking a major milestone in blockchain adoption in the sports industry. These advancements are not just about hype—they’re tied to real deployment. The Fusion framework plans to roll out dozens of modules and development tools within its first few years, laying the groundwork for long-term scalability and adoption. AVAX is now closing in on Chainlink’s spot in the top-15 cryptocurrencies by market cap, narrowing the gap to under $50 million. If the current uptrend holds and new GameFi and Web3 applications continue gaining traction, AVAX could soon move past the $30 mark and challenge new yearly highs. For now, support levels remain around $22, with bulls eyeing a breakout above the mid-$20s. And as the broader altcoin market heats up, Avalanche may be poised to capitalize on the momentum. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving…

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Filed under: News - @ May 25, 2025 1:22 am