What would it take for a coin to rise 7% on a day when Bitcoin, Ether and XRP all bled? For $AVAX on Monday, it took the New York Stock Exchange.
Why it's trending
NYSE said it will use Avalanche technology as the clearing and settlement ledger for its planned 24/7 tokenized-securities platform.
Two details matter. It runs on a custom Avalanche-based chain, not the public C-Chain, and launch still needs regulatory sign-off (the WSJ says it could come before the end of 2026).
The same day, Charles Schwab switched on spot $AVAX trading for eligible US clients, alongside SOL and LINK.
The market snapshot
AVAX trades near $8.73 (quotes ranged $8.63–8.95), up about 7% in 24h after touching $8.96. Monday's low was $7.82. Market cap is roughly $3.9B, and 24h volume of about $488M ran 55% above the 30-day average. It was the top gainer among large caps for most of the session.
What the chart says
Price is back above the 200-day SMA (about $8.11, though some trackers show $8.48) and the 90-day SMA at $8.73. The 50-day SMA at $9.84 is still overhead.
RSI sits near 48–50, neutral after the jump, so there's room to move either way.
Resistance: $8.96, then $9.66–9.82, then $10.00.
Support: $8.27 (session VWAP), $8.11–8.21, then $7.82.
Leverage is building fast
Open interest jumped 25.9% in 24h to about $209.7M (Coinalyze), led by Binance and Bybit. That fuels moves in both directions.
What supports the story ✅
TVL rose 4% to $633M (DefiLlama).
C-Chain passed 1.6B total transactions.
Avalanche Treasury Co. held 13.31M AVAX at Sept 30, about 91% of it staked.
The Helicon reward change, finalized Nov 6, should trim inflation by 0.5–1 percentage point.
What could spoil it ⚠️
NYSE uses its own Avalanche-based chain, so direct demand for AVAX isn't guaranteed.
1.67M AVAX (about $14M) unlocked to the Foundation on Nov 8.
A $1.13M exploit hit TranchePool, an app on Avalanche.
The broader market is weak, with Fear & Greed near 29 and US CPI due Tuesday.
Three paths
🟢 AVAX holds above $8.96 and reclaims the 50-day SMA near $9.8: $10.0–10.5 comes into view.
⚪ The headline pop cools and price settles in $8.1–9.0 while the 200-day zone holds.
🔴 A drop under $8.11 erases the rally and brings back $7.2–7.8.
Who's saying what
Coinpaper says AVAX needs to reclaim $10 to target $10.50–11, and stresses that NYSE using the tech doesn't automatically create token demand.
VanEck CEO Jan van Eck noted that advisors struggle to choose between L1 tokens like AVAX and ETH.
My read: the open-interest jump worries me more than the price does. Leverage up 26% on a headline usually gets tested within days.
Dates to watch
Tue Nov 10, 13:30: US October CPI
Fri Nov 13, 13:30: US October PPI
Dec 21: Helicon reward curve fully in place
Feb 6, 2027: next Foundation unlock
Where does $AVAX close on Friday? Give a number 👇
Educational content, not financial advice. DYOR.
#AVAX #Avalanche #CryptoNews #Write2Earn #NYSE
