AVAX Price Flashes a Death Cross as Wall Street Warms to Avalanche

AVAX is testing the lower boundary of a falling wedge at key Fibonacci support. A death cross on the 4-hour chart keeps the rebound unconfirmed. Charles Schwab calls Avalanche a leader in institutional blockchains and RWA tokenization. The broker warns that institutional adoption may not translate into demand for AVAX. AVAX price is trading near $9.21 on the 4-hour chart, sitting on its most important support zone at $9.00-$9.20 after a 23% pullback from the late-September high of $12.01, with a falling wedge pattern set to resolve within days.

Source: Crypto News Flash