Avalanche Surges on Strong Institutional Narrative

Avalanche has regained its footing over the past few months as it attempts to move beyond previous lows. Two key trends are supporting this movement, according to recent data.

On a daily chart timeframe, AVAX has reclaimed an ascending channel that was established in June. The token's price has consistently found support along the rising bottom line and pushed higher, echoing the steady institutional narrative described above.

Momentum is also backing up this setup, with the 14-day RSI reading 70.40, close to overbought but not yet stretched to extreme levels.