Franklin Templeton Expands Fund Access with Avalanche Integration
Franklin Templeton's Integration with Avalanche: Franklin Templeton has integrated its Franklin OnChain U.S. Government Money Fund (FOBXX) with the Avalanche network, enhancing accessibility and allowing token holders to convert USDC stablecoin for fund shares through the Benji Investments app.
AVAX Price Surge and Market Trends: The price of Avalanche (AVAX) surged over 30% in a week, breaking key resistance levels and indicating potential for further growth, although it still faces long-term bearish trends as it trades below major moving averages.
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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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