Bitwise Asset Management chief investment officer Matt Hougan announced the launch of the Bitwise Avalanche ETF with ticker BAVA, inviting investors to a live discussion at 8:30am PT. This move builds on Bitwise's track record in crypto ETF launches, positioning Avalanche's scalable subnets and AVAX token economics as key drivers in the evolving crypto market. Traders eye this amid broader trends like Bitcoin dominance and emerging plays in TAO AI networks.

Zooming into the 4-hour AVAX chart, price action holds firm at $9.38, riding a bullish trend with the EMA50 at $9.24 and EMA200 at $9.22 acting as rock-solid support floors. MACD flashes a golden cross at 0.04, signaling sustained upside momentum, while RSI at 53.42 stays neutral—perfect for accumulation without overheat. Volatility squeezes inside Bollinger Bands, with upper resistance at $9.67 capping gains and lower support at $8.85 offering a safety net; expect a test of that upper band before any pullback, aligning with AVAX price prediction models forecasting subnet-driven rallies in this crypto ETF landscape.