Avalanche: NYSE Platform Picks AVAX for Settlements

Watcher.Guru flagged that a NYSE-affiliated tokenized securities platform will deploy Avalanche for clearing and settlement, prompting @CryptoMichNL to call the current price zone an accumulation opportunity even as the initial bounce stalled.

AVAX sits at $8.32 inside its Bollinger Bands with the upper band at $8.8 acting as immediate resistance and the lower band at $7.78 as short-term support. Price remains beneath the EMA50 at $8.43 and well below the EMA200 at $9.22, confirming the broader bearish structure, while the MACD golden cross at 0.01 and neutral RSI of 48.71 indicate momentum has not yet flipped bullish enough to sustain a breakout.