The post Avalanche (AVAX) Targets $31 Resistance as Toyota Partnership Powers 4.67% Rally appeared on BitcoinEthereumNews.com.

Zach Anderson
Sep 16, 2025 15:15

AVAX trades at $29.80 (+4.67%) with bullish momentum building from Toyota robotaxi partnership and strong technical indicators signaling potential breakout above key resistance.

Quick Take • AVAX currently trading at $29.80 (+4.67% in 24h) • Avalanche’s RSI at 67.35 showing strong momentum without overbought conditions • Toyota partnership announcement driving bullish sentiment for blockchain robotaxi network What’s Driving Avalanche Price Today? The AVAX price surge is primarily fueled by Avalanche’s groundbreaking partnership with Toyota announced on September 7th to develop a blockchain-based robotaxi network. This collaboration positions Avalanche as the infrastructure backbone for autonomous vehicle operations and data management, representing a significant real-world adoption milestone that has captured investor attention. The partnership timing couldn’t be better, coinciding with broader positive market sentiment from Ethereum spot ETF inflows and Bitcoin’s successful breach of key resistance levels. These macro factors are providing additional tailwinds for Layer 1 ecosystems like Avalanche, with traders increasingly focusing on platforms with strong fundamental partnerships. While regulatory developments in Kazakhstan approving stablecoin payments offer some support for blockchain utility, the Toyota announcement remains the primary catalyst driving today’s AVAX price movement. The market is responding to the tangible business application rather than speculative regulatory changes. AVAX Technical Analysis: Bullish Signals Emerge Avalanche technical analysis reveals compelling bullish momentum across multiple timeframes. The most significant signal comes from Avalanche’s MACD indicator showing a strong bullish reading of 1.5727 with the signal line at 1.1301, creating a positive histogram of 0.4426 that confirms upward momentum. AVAX RSI sits at 67.35, positioning Avalanche in an optimal zone – strong enough to indicate bullish momentum but not yet in overbought territory above 70. This suggests room for further upward movement before encountering momentum-based resistance. The moving average…

---

Filed under: News - @ September 17, 2025 3:25 am