- Avalanche teams up with Toyota Blockchain Lab to launch the Mobility Open Network (MON).
- Bullish signals emerge as RSI holds at 53.97, MACD posts a positive crossover, and Bollinger Bands narrow.
- AVAX faces resistance near $28.00, with firm support at $22.41; breaking higher could pave the way to the $50–$60 range.
Avalanche (AVAX) reflects solid momentum, climbing higher in alignment with the bullish crypto market. The AVAX price over the last 24 hours is up by 2.87%, and over the last week, it is also up by 7.59%.
At the time of writing, AVAX is trading at $25.98 with a 24-hour trading volume of $715.84 million, up significantly by 60.32% over the last 24 hours. The coin has a market capitalization of $10.97 billion, which is also up by 2.87%.
Source: CoinMarketCap
The general market trend has turned from bearish to bullish with the BTC’s upward momentum and investors’ growing confidence. The overall market trend is boosted by this surge, including altcoins like AVAX.
Avalanche Partners with Toyota to Power Future Mobility
According to the crypto analyst CryptosRus, Avalanche (AVAX) joined with the Toyota Blockchain Lab in launching the Mobility Open Network (MON), the blockchain system that will be used to fuel future mobility.
The project involves applications like smart networks of transport, shared mobility vehicles, and even robotaxi fleets, joining Avalanche’s high-speed blockchain with the car-making expertise of Toyota.
The program is an important milestone in connecting blockchain with real-world applications. If successful, MON will be the standard in decentralized mobility, joining vehicles, data, and users on-chain while reinforcing Avalanche’s leadership in propelling real-world use of the blockchain.
Also Read: Avalanche (AVAX) Price Prediction 2025: Will It Break $30 or Fall Below $23?
Avalanche Eyes $60 with Technical Support
Avalanche (AVAX) is showing improving momentum on the weekly chart with technicals leaning bullish. The RSI is at 53.97, holding above neutral and hinting at growing buying strength.
The MACD line at 0.8163 has crossed above the signal line at 0.0455, reinforcing bullish momentum. Bollinger Bands are tightening, with the price staying above the mid-band support at 22.41, while the range sits between 16.83 and 28.00.
Source: TradingView
The breakout above the middle Bollinger Band and continued closes above the 20-week SMA suggest bullish sentiment is gaining traction. If momentum continues, the next resistance is seen around $28.00, aligning with the upper Bollinger Band, while strong support rests at $22.41.
A decisive close above $28.00 could open the way toward the $50-$60 zone in the coming weeks, provided broader market conditions remain favorable.
AVAX Derivatives Surge with Growing Demand
The derivatives market adds weight to the bullish case. Trading volume surged 37.90% to $1.48 billion, and open interest surged 6.53% to $1.03 billion, which revealed the new liquidity entering the market and growing speculative demand.
Source: Coinglass
But the OI-weighted funding rate increased slightly by 0.0100%. This indicates that the spot market is borrowing just enough but is not over-borrowing in any direction, keeping healthier market conditions that are more immune to forced liquidations.
Source: Coinglass
Also Read: Avalanche (AVAX) Eyes 400% Surge with ULTRA’s Tokenized Treasuries Launch
