NYSE: Tokenized Stocks Settlement on Avalanche

NYSE will settle tokenized stocks on Avalanche according to on-chain reports. A Hyperliquid whale maintains a 12.09K AVAX short entered at $42.12, now showing $404.9K unrealized profit at current prices near $8.63.

Price action on the 4h chart shows AVAX trading inside the Bollinger Bands with the upper band at $8.73 acting as immediate resistance. The EMA50 at $8.42 provides nearby support while the EMA200 at $9.25 caps upside. MACD maintains a bullish golden cross yet RSI at 55.89 leaves room for continuation without overbought signals.