Avalanche’s native token AVAX experienced a surge of over 6% in the last 24 hours, significantly outperforming the broader cryptocurrency market, which saw an increase of just 0.8%. This rebound appears to be driven by renewed interest in real-world asset (RWA) tokenization and greater institutional adoption of Avalanche's technology. AVAX's price escalated from $19.37 to $20.96, recovering from a recent market sell-off associated with political tensions between U.S. President Donald Trump and Tesla CEO Elon Musk. Technical analysis indicated that AVAX found support around $19.40 and broke through the $20 barrier, with resistance observed near $21. Important developments, such as FIFA announcing its migration to an Avalanche-powered blockchain for NFT collections, and the introduction of a $100 million PurposeBuilt Fund by VanEck to invest in the Avalanche ecosystem, have contributed to this bullish trend. However, the price still faces significant resistance near $24.80, though ongoing institutional activity and high-profile partnerships could help stabilize AVAX amid market fluctuations.

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