Avalanche (AVAX) Rally at Risk as Key Resistance Looms

Avalanche (AVAX) Rally at Risk as Key Resistance Looms
The Avalanche (AVAX) cryptocurrency has experienced a notable surge in price over the past month, largely propelled by a growing wave of interest and development within its vibrant ecosystem. However, this impressive rally now encounters a crucial resistance zone, prompting analysts to suggest that the momentum, while strong, faces significant hurdles that could potentially delay a sustained upward trajectory. Institutional Influx Ignites Avalanche Momentum This week, Avalanche showcased its resilience by continuing its recovery from an earlier pullback, successfully retesting the $34 price area as a critical support level. Following a dip to the $29 mark, AVAX swiftly rebounded, reaching a seven-month high of $36.1 on Tuesday. This upward movement has been significantly bolstered by increasing institutional engagement and capital flowing into the Avalanche network. A prime example of this institutional confidence is AgriFORCE Growing Systems' recent announcement of its rebranding to…