The 4h chart just did what the NYSE headline couldn't: it put AVAX back under its $7.76 shelf.
I'm watching the gap between the promise and the tape. November 9, the NYSE picked Avalanche to settle its planned 24/7 tokenized-stock platform, and Aave V4 deposits passed $225 million, up 295% since October. AVAX jumped 8.6% that day, to $8.95 — then gave it back.
AVAX is near $7.44, down 11% in 24 hours and 20% in a month, RSI 33, below every daily average. The $7.757 shelf broke today.
Hold $6.86 and the tape repairs toward $8.42. Lose it and the next floor is $5.97. Chop between the two and nothing settles.
What keeps me from getting comfortable: the NYSE runs its Avalanche chain, not the public network, so the token doesn't capture the settlement flow. The Aave deposits are mostly stablecoins.
My lines: $6.86 below, $8.42 above. A daily close under $6.86 ends it.
Does $AVAX hold $6.86 into the daily close, or does the flush take it to $5.97 first?
NFA, DYOR.
$AVAX #Avalanche #AVAX #NYSE #Aave #CryptoMarkets
I'm watching the gap between the promise and the tape. November 9, the NYSE picked Avalanche to settle its planned 24/7 tokenized-stock platform, and Aave V4 deposits passed $225 million, up 295% since October. AVAX jumped 8.6% that day, to $8.95 — then gave it back.
AVAX is near $7.44, down 11% in 24 hours and 20% in a month, RSI 33, below every daily average. The $7.757 shelf broke today.
Hold $6.86 and the tape repairs toward $8.42. Lose it and the next floor is $5.97. Chop between the two and nothing settles.
What keeps me from getting comfortable: the NYSE runs its Avalanche chain, not the public network, so the token doesn't capture the settlement flow. The Aave deposits are mostly stablecoins.
My lines: $6.86 below, $8.42 above. A daily close under $6.86 ends it.
Does $AVAX hold $6.86 into the daily close, or does the flush take it to $5.97 first?
NFA, DYOR.
$AVAX #Avalanche #AVAX #NYSE #Aave #CryptoMarkets
