Franklin Templeton Expands Blockchain Offering to Avalanche Network
Franklin Templeton's Blockchain Expansion: Franklin Templeton has launched its blockchain-based Franklin OnChain U.S. Government Money Fund on the Avalanche network, allowing institutional investors to access the fund through digital wallets on the Benji platform.
Avalanche Network Integration: This move enhances the accessibility of the fund and aligns with Avalanche's growing ecosystem, which has seen increased interest due to its fast transaction times and low fees, despite a recent decline in total value locked (TVL) and token price.
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Technical Analysis for AVAX
Technical Sentiment Analysis for Avalanche (AVAX) As of , Avalanche (AVAX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AVAX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AVAX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Avalanche (AVAX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 5.033 | 6.292 | 7.823 | 9.082 | 10.613 | 11.872 | 13.403 |
| Fibonacci | 6.292 | 7.357 | 8.016 | 9.082 | 10.147 | 10.806 | 11.872 |
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