• Avalanche (AVAX) targets a $31 breakout as TIS integrates blockchain payments on the Avalanche network.
• Technical indicators (20-day MA below 50-day MA, RSI at 38) suggest short-term weakness but room for a bullish reversal.
• Analysts note strong support at $18.69 and resistance at $22.19; a breakout could send AVAX toward $31.53.

Avalanche (AVAX) is showing signs of consolidation, with short-term momentum leaning slightly bearish. Over the past 24 hours, AVAX has seen a slight dip of nearly 3.2%, but on a weekly scale, the token still reflects a 1.45% gain.

At the time of writing, AVAX is trading at $19.75, with a 24-hour trading volume of $478.72 million, marking a 5.86% increase compared to the previous day. The token currently holds a market capitalization of $8.43 billion, underscoring sustained investor interest and activity.

Source: CoinMarketCap

TIS Joins Avalanche to Enhance Blockchain Payments

The data from Avalanche revealed that TIS Inc., the company behind roughly half of Japan’s credit card transactions, has officially deployed on the Avalanche blockchain. This marks a major milestone for Avalanche, showcasing its capability to support enterprise-scale financial operations. The move signals growing confidence in blockchain for mainstream payments.

Avalanche’s high-speed, low-cost network now powers one of Japan’s largest payment processors, bridging crypto and traditional finance. Experts see this as a potential turning point for blockchain adoption in the country. The integration could pave the way for faster, more transparent, and more efficient payment systems globally.

Also Read: Avalanche (AVAX) Eyes Breakout as Falling Wedge Signals Possible Reversal

Avalanche (AVAX) Eyes Breakout with $31.53 in Sight

Moreover, the crypto analyst, @RipBullWinkle, highlighted that AVAX is currently ranging between $18.69 and $22.19 as a fight between the bears and the bulls is underway. The $18.69 level has been touched twice and therefore is a significantly strong support level. On the other hand, the resistance level has been touched four times and is currently a near-term top at $22.19.

The moving averages indicate caution, as the 20-day MA is situated at $21.11, below the 50-day MA of $26.79, indicating a bearish cross. The fact that AVAX is trading below its moving averages indicates that in the short term, the market trend is still weak. The Relative Strength Index is also at 38.

Source: X

The upside pressure may propel the AVAX beyond the level of $22.19 to reach $25.69 and even $31.53. Conversely, a break below $18.69 may trigger a drop to the support level of $8.18. The market participants will therefore be keen to observe these critical points for a definitive push in a certain direction.

Also Read: Avalanche Foundation’s $1 Billion Fund Could Send AVAX Toward $200 Target