Avalanche rises over 9% as NYSE selects its blockchain for tokenized equities platform

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Avalanche surges 9.02% today to $8.98

Highlights

The New York Stock Exchange confirmed Avalanche as the primary blockchain settlement layer for its tokenized stock trading platform after successful trials with Intercontinental Exchange.
Charles Schwab added the AVAX/USD trading pair for U.S. retail clients, expanding access as Avalanche surpassed 1.6 billion transactions.
AVAX/USD trades at $8.98 with intraday strength near session highs, but indicator signals show prevailing bearish momentum; price is likely to remain in a $8.3 to $9.66 range over the next five trading days.

Network flows rise as NYSE and Schwab boost AVAX access

The New York Stock Exchange confirmed Avalanche's selection as its primary blockchain settlement layer for the upcoming tokenized stock trading platform, following a year of testing with Intercontinental Exchange. Charles Schwab also added the AVAX/USD trading pair for U.S. retail clients, widening market access. The Avalanche network was reported to have surpassed 1.6 billion processed transactions, reflecting increased on-chain and real-world asset tokenization activity.

Anton Kharitonov, expert at Traders Union, sees the NYSE partnership as a key institutional catalyst but remains guarded about AVAX's sustainability. He notes that despite trading above major moving averages, technical indicators point to persistent selling and weak momentum. Elevated transaction activity and added market access from Charles Schwab are positive, yet not enough to offset clear sell biases from MACD and ADX. Kharitonov warns that a failure to hold $8.93 could trigger sharper declines. "Institutional adoption does not negate the present technical headwinds — risk control is paramount in this environment."

Viktoras Karapetjanc, expert at Traders Union, highlights strong institutional signals from the NYSE's selection and Charles Schwab's integration. He believes Avalanche's blockchain is strategically positioned for real-world adoption as tokenized equities grow. Network milestones reinforce the long-term bullish structure. Karapetjanc expects new access channels and volume to drive further attention and price setups. "With real assets coming on-chain and top-tier institutions involved, further growth and breakout scenarios remain a distinct possibility."

Jainam Mehta, market strategist, observes a mixed technical landscape for AVAX/USD. Price action above long-term averages suggests underlying strength, but persistent resistance and weak momentum signals temper upside expectations. He sees a sideways trading range as likely, yet spots possible contrarian entries if price volatility increases near support. "If sellers exhaust near $8.93, tactical longs may emerge, especially given the outsized institutional headlines."

Mixed momentum as AVAX straddles key moving average boundaries

AVAX/USD remains above both its 20-day and 200-day moving averages at $8.76 and $8.12, signaling positive short- and long-term momentum. However, it continues to trade below the 50-day moving average at $9.88, indicating ongoing medium-term resistance around $9.13 and support at $8.93. The momentum backdrop is mixed, as both MACD and ADX signal a sell bias, while RSI and Stochastic RSI are neutral and the CCI is in an oversold zone. Intraday indicators show sellers hold the advantage, with a negative BBP value, even as price action and volatility remain firm near the session high.

Previously it was reported that Avalanche was selected by the New York Stock Exchange to provide blockchain infrastructure for a forthcoming tokenized securities platform, signaling greater institutional adoption of the network. With new support from Charles Schwab and evidence of robust on-chain activity, AVAX traders should monitor the $9.13 resistance area for signs of a shift from the current sideways trend.

Source of Data: AVAX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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