The avalanche native token, Avx, jumped more than 6% in the last 24 hours, exceeding the wider cryptography market, measured by the Coindesk 20 index (CD20), which increased by 0.8% during the same period.
Avx’s prize may have rebounded political attacks and has moved behind the back of the major developments in the tokenization of real assets (RWA) and institutional adoption.
The token went from a hollow of $ 19.37 to $ 20.96, recovering from a wider market sale launched by growing tensions between the American president Donald Trump and the CEO of Tesla, Elon Musk, earlier this week, who saw the first threatening to end the government contracts for the last, who in turn accused the president of being involved in the Jeffrey EpStein.
The token has rebounded after showing several signs of bullish momentum, according to the Technical Analysis Data Model Research of Coindesk, which shows that Avax established a solid base around $ 19.40 which was confirmed by the volume exceeding the simple Mobile Mobile 24 hours a day.
The volume increased further at the time of the escape of Avx, the $ 20 mark, showing strength in the movement. The token has now formed short -term resistance almost $ 21 and a support at $ 20.81 shows the model.
But the rebound stronger than the average may not be only technical. Last month, FIFA announced that it has chosen Avalanche to feed its FIFA blockchain network, with plans to migrate its existing non -bubble tokens collection (NFT) from Algorand and Polygon in the new network and to develop new experiences of fans.
The institutional momentum added another leg. The Vaneck asset manager is expected to deploy a 100 million dollars fund designed this month after having announced it on May 21 for the first time, focused exclusively on avalanche ecosystem projects.
The fund will support tokens and businesses in games, finances and AI, while deploying inactive capital in real asset products such as token monetary markets.
The price is still faced with technical resistance nearly $ 24.80, but the combination of institutional activity, chain RWA growth and the use of the high -level network of partners like FIFA could help Avx stay ahead of the wider market volatility until June.
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