Avalanche Price Stabilizes Above $7.25 as Institutions Pile In
Avalanche's price has been holding steady above $7.25 after breaking out of a symmetric triangle last week.
Charles Schwab announced it will offer native spot trading for Avalanche, Solana, and Chainlink to its 39 million brokerage accounts, which some analysts see as a retention strategy rather than an attempt to attract new customers.
The firm's decision comes as institutional investors continue to show interest in Avalanche. The combined holdings of Bitwise, VanEck, and Grayscale's AVAX ETFs have surpassed 5 million tokens, with over 3.4 million staked to earn network rewards.
According to the source, the current price action suggests a bullish scenario, with a target of $9.80 if Avalanche can hold above its triangle breakout level at around $7.08 and continue to attract institutional buying interest.