Avalanche’s brief outperformance tied to an NYSE-affiliated tokenized stock platform has fully unwound. On Nov 9, Ava Labs said Avalanche would act as the ledger for the clearing firm behind the platform, and Charles Schwab added AVAX and SOL to its crypto offering the same day. AVAX jumped about 8.9% that session to near $9, and over the following week it fell only 9.1% while Bitcoin dropped 13%, Ether 17.6% and Solana 18.9%.
That relative strength did not hold. On Nov 14, AVAX tumbled about 10.9% in a single day to near $7.49, erasing the entire NYSE-related gain. At last check AVAX traded near $7.23, up about 2% on the day, but remained below its 50-day moving average near $8.80 and its 200-day moving average near $8.98. Momentum signals remain bearish: RSI is around 33 and MACD is below its signal line. Analysts note the platform still needs regulatory approval, and neither the clearing firm nor a launch date has been named. Ava Labs did not specify AVAX for settlement, fees or staking.
Separately, Nasdaq-listed treasury firm AVAX One reported third-quarter results showing 14.17 million AVAX worth approximately $119 million, with 99.7% of its holdings staked at an annualized yield of about 5.85%. Q3 revenue reached $2.4 million, more than quadrupling year over year, while convertible debt fell to zero after the company eliminated more than $14.9 million in debt. AVAX One repurchased roughly 384,000 shares in Q3 and another 710,000 shares in October.
On Binance’s four-hour chart, AVAX traded at $7.332, up about 1.69%. Immediate support is between $7.00 and $7.10, with $6.70 below, while resistance sits near $7.50 to $7.60 and then $8. The RSI was 32.67 and MACD remained bearish. A sustained move above $7.60 could open $8, while losing $7 support could expose $6.70. Broader crypto demand also looks weak: spot bitcoin ETFs recorded about $1.28 billion in outflows in early November.
