Avalanche (AVAX) Breakout Faces Key Test as ETF Inflows Surge

Avalanche (AVAX) is approaching a critical stage as its price approaches key technical levels and fundamental narratives converge.

The recent breakout above a short-term descending trendline has caught attention, with traders watching whether buyers can defend the $7.20 support level and push the price back towards the key $7.80-$8.00 resistance zone.

AVAX's spot ETFs have also recorded approximately $1.57 million in daily net inflows, marking a return of positive flows after a quieter period.

The integration of Avalanche with UAE PASS, the United Arab Emirates' national digital identity system, is one of the latest additions to the network's growing real-world use cases beyond crypto trading.