AVAX Price Holds Above $23 Despite ETF Momentum as Real-World Assets Drive 47% Weekly Surge
The post AVAX Price Holds Above $23 Despite ETF Momentum as Real-World Assets Drive 47% Weekly Surge appeared on BitcoinEthereumNews.com.
Alvin Lang
Jul 31, 2025 05:08
Avalanche trades at $23.94 (-0.62% today) after surging 47% on $250M RWA initiative and ETF anticipation, with technical analysis showing mixed signals ahead.
Quick Take • AVAX currently trading at $23.94 (-0.62% in 24h) • Avalanche’s RSI at 55.33 suggests neutral momentum despite recent bullish breakout • $250M real-world asset tokenization push and ETF decision creating significant market interest What’s Driving Avalanche Price Today? The AVAX price has experienced remarkable volatility over the past week, driven primarily by two major catalysts that have reshaped investor sentiment around Avalanche’s ecosystem. The most significant driver has been Avalanche’s aggressive push into real-world asset (RWA) tokenization, backed by a substantial $250 million initiative. This strategic move has positioned AVAX as a leading platform for bringing traditional assets onto the blockchain, with the announcement contributing to a stunning 47% price surge that brought AVAX near the $26 resistance level. Simultaneously, anticipation surrounding the July 28 ETF decision has created additional bullish momentum for the AVAX price. The ETF speculation, combined with record network activity showing 20 million daily transactions, has reinforced Avalanche’s position as a high-performance blockchain capable of handling institutional-grade applications. However, today’s modest decline of 0.62% suggests some profit-taking after the recent rally, with traders potentially waiting for clearer signals following the ETF decision outcome. AVAX Technical Analysis: Mixed Signals Emerge The current Avalanche technical analysis reveals a complex picture with both bullish and bearish elements competing for control. AVAX’s RSI stands at 55.33, positioning the token in neutral territory rather than the overbought conditions typically seen after such significant rallies. Avalanche’s moving averages paint a largely bullish picture, with the current AVAX price of $23.94 trading above both the 20-day SMA ($23.80) and the critical 200-day SMA…
Filed under: News - @ August 1, 2025 4:26 am