In the latest Avalanche crypto news, the AVAX price analysis adjusts to a $35 target following news surrounding the Avalanche treasury merger.
Avalanche (AVAX) has entered the spotlight this week amid major AVAX news, following Avalanche Treasury Co. (AVAT) ‘s confirmation of a $675 million business combination with Mountain Lake Acquisition Corp., one of the largest crypto-aligned SPAC deals to date.
The structure includes $460M in projected treasury assets at closing, alongside a $200M discounted AVAX purchase allocation from the Avalanche Foundation.
AVAX News: AVAT Treasury Gains Exclusive Access to Primary AVAX Token Sales
AVAT has also secured an 18-month priority window for future token sales from the Foundation to U.S. treasury vehicles, giving the firm exclusive access to primary AVAX supply during a critical growth phase.
The deal has garnered significant backing from both traditional finance and crypto venture firms, with notable investors including Dragonfly, ParaFi, VanEck, Galaxy Digital, Pantera Capital, CoinFund, and Kraken, all represented on the cap table.
FalconX will provide trading and credit support, while Monarq oversees treasury management. Legal and advisory duties are split between Skadden, Davis Polk, Barclays, and PJT Partners.
Pending shareholder and regulatory approval, the combined entity plans to list on Nasdaq in early 2026, with a mandate to accumulate over $1Bn in AVAX crypto and deploy capital into protocol investments, validator infrastructure, and enterprise partnerships.
Investors are set to enter at a 0.77x mNAV discount, translating to a 23% cheaper entry than direct spot purchases or ETF-style vehicles.
Leadership is equally high-profile. Bart Smith, ex-Susquehanna crypto head, steps in as CEO, joined by COO Laine Litman (HiddenRoad, Virtu) and CSO Budd White (Multisig Labs).
Ava Labs founder Emin Gün Sirer and CBO John Nahas will advise and sit on the board, anchoring AVAT firmly within Avalanche’s core ecosystem.
This move positions Avalanche as one of the few networks with a dedicated institutional treasury vehicle, joining recent DAT launches targeting Bitcoin and Ethereum.
The question now is how this wave of structured capital inflows could influence AVAX price in October.
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AVAX Price Analysis: Is $35 In The Cross-Hairs For Avalanche Price Prediction?
As Avalanche crypto continues to push high in a HTF ascendant trading channel, AVAX is currently trading at a market price of $30.55 (representing a 24-hour change of -0.59%).
This comes as AVAX price enters a local test of resistance from the overhead 20DMA at $31.25, a critical level for bulls to reclaim ahead of any upside move, following the loss of support on the thunderous rejection on September 25.
So far, the 20DMA retest has seen 4 days of sustained bull-pressure, with no apparent signs of a slowdown.
(Source – AVAX USDT, TradingView)
This is backed by the support of a bullish signal on the RSI indicator, suggesting if bulls can break above the current price level there is significant upside capacity to tap into.
Obvious targets for a breakout would see AVAX price targeted $35 in the upside of the proven trading channel.
However, in the event of a breakdown from here, AVAX price could risk a drop to lower support between $27.5 and $29.
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