Avalanche Holds Above $10 as Hyundai Card Expands Blockchain Use

Avalanche (AVAX) is drawing renewed interest after Hyundai Card announced plans to expand its blockchain activities on the Avalanche network. The South Korean financial services company is exploring new use cases beyond international transactions, including internal compliance, reconciliation workflows, and transactions both during and after banking hours. Hyundai Card executive Heejun Nam emphasized the importance of Avalanche for meeting operational needs like compliance controls and off-hour transactions, signaling a shift from testing to broader enterprise adoption.

At the time of writing, AVAX was priced at $10.89, down 1.93% over the last 24 hours. Despite this pullback, the token remains above key support levels, including the 20-day EMA at $10.29, the 50-day EMA at $9.05, and the 200-day EMA at $8.95. Technical indicators suggest buyers are still in control, with resistance around $11.50 to $12.00.

Derivatives activity for Avalanche remains robust, with open interest reaching approximately $640 million. Trading volume has also spiked, indicating active market engagement. Recent liquidation data shows a competitive market with neither long nor short positions gaining full control.

Hyundai Card’s deepening commitment to Avalanche reinforces the network’s potential as a blockchain for real-world financial infrastructure. While immediate demand effects may be limited, institutional adoption could strengthen Avalanche’s long-term narrative. Traders should watch for a potential breakout past the $11.50, $12.00 resistance zone, which could signal renewed bullish momentum.