Avalanche (AVAX) Closes in on Top 13 Spot as Momentum Builds

Avalanche (AVAX) is seeing renewed investor interest as large-scale holders ramp up accumulation, fueling speculation of a potential breakout.

Avalanche (AVAX) is heating up again as major holders are showing renewed interest in the token, potentially setting the stage for a breakout.

On-chain data shows that whale inflows have risen by almost 380%, which could be a sign that a price push is coming.

As the token trades below a key resistance zone, analysts are following the $24 mark closely. If the bulls can maintain control, we might see AVAX move toward $30. This bullish scenario unfolds amid the broader market strength, especially with Bitcoin nearing new all-time highs.

Avalanche is also showing signs of strength with major ecosystem developments. The recent launch of Avalanche Fusion—a $100 million initiative aiming to accelerate development with modular infrastructure—is expected to unlock new growth opportunities.

This initiative is designed to integrate various DeFi protocols, such as Aave, Balancer, and Keep3r Network, into the Avalanche ecosystem.

Moreover, AVAX is also gaining visibility through its partnership with FIFA, which selected Avalanche to power its Web3 infrastructure, highlighting a major milestone in blockchain adoption within the sports industry.

However, these advancements go beyond hype and are linked to real-world 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.

At present, Chainlink is closely trailing behind Avalanche in the top-15 cryptocurrencies by market cap, with a minimal gap of less than $50 million.

If the current uptrend persists and new GameFi and Web3 applications continue to gain traction, we might see AVAX move past the $30 mark and challenge new yearly highs.

For the time being, support levels are visible around $22, while the bulls are aiming for a breakout above the mid-$20s. And as the broader altcoin market shows signs of heating up, Avalanche might be able to capitalize on the momentum.