Alliancebernstein Holding's 15min chart sees KDJ Golden Cross, Bullish Marubozu signal.
ByAinvest
Wednesday, Oct 8, 2025 11:17 am ET1min read
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The merger, valued at over $675 million, will see AVAT list on Nasdaq under the ticker "AVAT." The new entity, with a strategic focus on ecosystem growth, plans to deploy capital to empower builders and accelerate promising technologies on Avalanche [1]. The company has already begun purchasing AVAX directly from the Avalanche Foundation at a discounted rate, acquiring $200 million worth of AVAX tokens at a rate approximately 23% lower than current market prices [1].
The initial announcement of the plan led to a brief rally in AVAX prices, with the token hitting an intraday high of $31.32. However, momentum failed to sustain, and AVAX prices later eased back, though they remained up over 30% from September lows [1]. The growing institutional appetite for AVAX as a treasury asset has been a significant driver of these gains [1].
The treasury vehicle, AVAT, promises active participation in the Avalanche network, with plans to invest in protocols, support validator infrastructure, and work with enterprises on tokenisation of real-world assets and stablecoins [2]. This active strategy is seen as crucial at a time when institutional demand for digital asset exposure is rising [2].
The announcement comes amidst a surge in Avalanche's on-chain activity, with the network processing over 50 million transactions in the past month and active addresses growing by 22% [2]. The recent Octane upgrade, which cut transaction fees by 98%, has further boosted the blockchain's scalability and appeal [2].
As of the time of writing, AVAX trades around $30.72 with a market capitalisation of nearly $13 billion [2]. Analysts suggest that AVAX must hold support near $27.69 to maintain its bullish outlook, with a decisive break above $32.77 opening the door to further gains toward $34.93 and possibly $37.54 [2].
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Based on the technical analysis of Alliancebernstein Holding's 15-minute chart, a KDJ Golden Cross and Bullish Marubozu pattern emerged on October 8, 2025, at 11:15. This indicates a shift in the momentum of the stock price towards the upside, suggesting a potential increase in the stock's value. The presence of buyers controlling the market reinforces this bullish momentum, which is likely to continue.
Avalanche (AVAX) experienced a significant price surge following the announcement by Avalanche Treasury Co. (AVAT) of its plan to accumulate up to $1 billion worth of AVAX tokens. The company, backed by the Avalanche Foundation, aims to become a public vehicle dedicated to acquiring AVAX, with a target of completing a merger with Mountain Lake Acquisition Corp by the first quarter of 2026 [1].The merger, valued at over $675 million, will see AVAT list on Nasdaq under the ticker "AVAT." The new entity, with a strategic focus on ecosystem growth, plans to deploy capital to empower builders and accelerate promising technologies on Avalanche [1]. The company has already begun purchasing AVAX directly from the Avalanche Foundation at a discounted rate, acquiring $200 million worth of AVAX tokens at a rate approximately 23% lower than current market prices [1].
The initial announcement of the plan led to a brief rally in AVAX prices, with the token hitting an intraday high of $31.32. However, momentum failed to sustain, and AVAX prices later eased back, though they remained up over 30% from September lows [1]. The growing institutional appetite for AVAX as a treasury asset has been a significant driver of these gains [1].
The treasury vehicle, AVAT, promises active participation in the Avalanche network, with plans to invest in protocols, support validator infrastructure, and work with enterprises on tokenisation of real-world assets and stablecoins [2]. This active strategy is seen as crucial at a time when institutional demand for digital asset exposure is rising [2].
The announcement comes amidst a surge in Avalanche's on-chain activity, with the network processing over 50 million transactions in the past month and active addresses growing by 22% [2]. The recent Octane upgrade, which cut transaction fees by 98%, has further boosted the blockchain's scalability and appeal [2].
As of the time of writing, AVAX trades around $30.72 with a market capitalisation of nearly $13 billion [2]. Analysts suggest that AVAX must hold support near $27.69 to maintain its bullish outlook, with a decisive break above $32.77 opening the door to further gains toward $34.93 and possibly $37.54 [2].
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