Avalanche Breaks Trendline, Targets $8.30 and $10 as Institutional Holdings Soar

Avalanche (AVAX) has shown signs of bullish momentum above $7, with its recent breakout structure intact.

The cryptocurrency's improving chart structure, rising institutional holdings, and staking activity have put the $8.30 high and $10 target in focus.

According to data shared by Avalanche's official X channel, total institutional holdings have crossed 5 million AVAX, with approximately 3.49 million currently staked.

The daily moving averages are positioned below price, adding support to the recovery structure.