Avalanche (AVAX) Surges 10% to $33 as $1 Billion Treasury Plan Ignites Rally
The post Avalanche (AVAX) Surges 10% to $33 as $1 Billion Treasury Plan Ignites Rally appeared on BitcoinEthereumNews.com.
Felix Pinkston
Sep 18, 2025 12:29
AVAX price soars 9.94% to $32.96 amid Avalanche Foundation’s $1 billion treasury funding plan and Toyota partnership, but overbought RSI signals caution ahead.
Quick Take • AVAX currently trading at $32.96 (+9.94% in 24h) • Avalanche’s RSI hits 75.53, indicating overbought conditions near $33.29 resistance • Avalanche Foundation’s $1 billion treasury funding plan drives major bullish sentiment • Toyota partnership adds long-term adoption catalyst for blockchain infrastructure What’s Driving Avalanche Price Today? The AVAX price rally is primarily fueled by the Avalanche Foundation’s ambitious plan to raise $1 billion for AVAX token acquisitions announced on September 11th. This initiative involves establishing two U.S.-based digital asset treasury companies, each targeting $500 million in funding. One vehicle is led by Hivemind Capital with Anthony Scaramucci as advisor, while the other operates as a SPAC backed by Dragonfly Capital. This treasury expansion represents a significant institutional commitment to AVAX accumulation, effectively creating sustained buying pressure. The market responded positively with approximately 5% gains following the announcement, demonstrating strong investor confidence in Avalanche’s strategic direction. Adding to the bullish momentum, Avalanche’s partnership with Toyota announced on September 7th positions the blockchain as infrastructure for autonomous vehicle operations and data management. While this collaboration had minimal immediate price impact compared to the treasury news, it establishes crucial long-term adoption prospects for the Avalanche ecosystem. The combination of immediate capital influx prospects and strategic enterprise partnerships has shifted market sentiment decisively positive for AVAX over the past week. AVAX Technical Analysis: Overbought Signals Emerge Amid Strong Rally Avalanche technical analysis reveals a powerful bullish trend with some concerning overbought conditions. The AVAX RSI currently sits at 75.53, well above the 70 threshold that typically indicates overbought territory. This suggests the recent rally…
Filed under: News - @ September 19, 2025 1:23 am