Avalanche (AVAX) is currently in an optimistic atmosphere, as investors are pushing it to break through the key $27-$28 resistance zone. Currently, AVAX is trading slightly above $26.5, marking the fourth consecutive day of pump. This momentum stems from Ava Labs signing important protocols with two heavyweight partners: one is a memorandum of understanding with the South Korean company WeBlock for the tokenization of real-world assets (RWA); the other is a collaboration with the Toyota Blockchain Lab, focusing on building mobile infrastructure.

The collaboration with WeBlock will introduce regulatory-compliant tokenization products and new stablecoin pilot projects in South Korea. At the same time, the partnership with Toyota aims to build a blockchain system called "Mobility Open Network (MON)" designed for smart transportation, shared mobility, and even robotic taxi fleets. Overall, these initiatives further solidify Avalanche's leadership position in integrating blockchain with practical applications.

According to market data, the open contracts for AVAX have surged to a record $107 million, indicating significant capital inflow from derivatives traders and reflecting strong market confidence in an upcoming breakout for Avalanche. From a technical perspective, AVAX is trading above the 50-day and 200-day moving averages, confirming a golden cross that further enhances bullish sentiment. Meanwhile, the RSI is currently at 61, suggesting there is still room for further rise before reaching overbought levels. Additionally, the MACD histogram has turned positive, with its line crossing above the signal line earlier this week, both classic signs of accelerating momentum.

Analysts expect that if AVAX can successfully close above $26.9, it may move towards the key level of $29.78, almost reaching the psychological barrier of $30. If it breaks through successfully, it could further grow to the range of $32-$35 within the next two to three weeks, showcasing strong market sentiment alongside star tokens like Solana (SOL) and Tron (TRX). Conversely, if the current level cannot be maintained, it may retest the support level close to $25.15, and if it falls below $24.00, there could be deeper downside risks. However, due to the ongoing expansion of institutional collaborations and technical indicators showing bullish signs, Avalanche remains one of the most promising assets this month.

Note: The above information is for reference only and does not constitute investment advice. Past performance is not indicative of future results.