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Avalanche holds $7 support as Schwab plans AVAX trading, RWA assets reach $3 billion

Avalanche holds $7 support as Schwab plans AVAX trading, RWA assets reach $3 billion

CointurkCointurk2026/08/29 18:48
By:Cointurk

Avalanche (AVAX) is testing a key support zone near $7.00 as interest from institutional investors rises and adoption of tokenized real-world assets grows. The cryptocurrency currently trades at $7.26, with a 24-hour trading volume of $232.5 million and a market capitalization of $3.13 billion. AVAX has recorded a 2.42% loss in the past day.

Key support and market outlook

According to crypto analyst Khonshu Arc, AVAX faces an important technical test, with $7.00 to $7.20 emerging as a critical support zone. If bulls manage to defend this area, it could stabilize the price and help buyers regain momentum. However, a drop below this support may spark increased selling and push AVAX toward a new low.

Analysis suggests that if buyers reclaim the $8.50 level, AVAX could see an improved recovery setup and re-establish a bullish market outlook. Failing to hold support, however, would leave the asset vulnerable to further declines.

The broader market trend has also weighed on Avalanche’s price action. Bitcoin moving sideways has contributed to AVAX’s recent downward momentum, even as long-term sentiment around the ecosystem remains constructive.

Schwab to expand AVAX trading

Charles Schwab, one of the largest brokerage firms in the United States, is preparing to expand its digital asset trading service Schwab Crypto by adding AVAX trading in the coming months. Schwab Crypto currently offers direct trading of Bitcoin and Ethereum. Bringing AVAX on board marks a significant addition, potentially increasing access for institutional and retail investors.

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Schwab’s potential integration of AVAX follows growing demand for broader crypto exposure, and may signal rising institutional confidence in Avalanche’s network.

Mini dictionary: Charles Schwab is a leading US-based financial services company that provides brokerage, banking, and investment advisory services, including digital asset trading through its Schwab Crypto platform.

Avalanche RWA tokenization climbs past $3 billion

Recent data from MSB Intel shows the value of real-world assets (RWA) tokenized on Avalanche’s blockchain has quadrupled since October, reaching $3 billion. The surge highlights growing adoption of blockchain-based financial infrastructure for the issuance of tokenized funds, credits, and securities.

The expanding RWA ecosystem on Avalanche demonstrates increasing relevance as institutions explore blockchain for asset issuance, transparency, and settlement.

The notable jump in tokenized assets enhances Avalanche’s institutional appeal and could spur higher network activity across its ecosystem. Institutions interested in launching new financial products through blockchain technology may increasingly turn to Avalanche for its infrastructure and established user base.

Metric Value Previous (October)
AVAX price $7.26 N/A
Tokenized RWA on Avalanche $3 billion $750 million
Market capitalization $3.13 billion N/A

Looking ahead, the outcome for AVAX depends on whether bulls can defend the $7.00–$7.20 support zone and reclaim the $8.50 resistance. Successful support and recovery could trigger renewed bullish momentum, while a breakdown may result in further price declines. Meanwhile, the growth in RWA adoption and Schwab’s upcoming AVAX trading feature could provide additional upside catalysts.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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