Avalanche Coin Holds Recovery Opportunity With This Bullish Pattern

A V-top reversal from $30.5 resistance tumbled the Avalanche coin price to 0.786 Fibonacci retracement level at $18.2. The coin buyers obtained suitable floating at this level and triggered a 22% rally to $21.88.

Timeline of Avalanche

Avalanche price analysis for today shows that the AVAX/USD pair has fallen to a new low of $19.64 after a bearish drive. The market has found support at $19.62 but the bulls have not been able to push the price higher.

Securitize, a digital securities platform enabling both primary issuance as well as secondary trading, has announced a new tokenized asset that provides investors with exposure to a fund created by KKR. KKR is a fabled buy-out firm and asset management company.

Securitize, a pioneer in the digital asset securities industry, today announced the establishment of a fund on the Avalanche public blockchain that will give its clients tokenized exposure to KKR's Health Care Strategic Growth Fund II (“HCSG II”). For the first time in the United States, investors can get access to one of KKR's alternative investment strategies through a tokenized fund (the “Fund”) issued by Securitize.

The move will expand individual investors' access to private investment vehicles. The post KKR experiments with listing private equity investments on Avalanche: WSJ appeared first on The Block.

Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.         August shows a whopping 46 million transactions made on the Avalanche network         Avalanche network busy with major developments and integrations         4-hour chart for AVAX shows bullish movement It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX.

AVAX recently outperformed several top cryptos by registering a hike of nearly 10% over 7 days. While the price surged, several interesting developments happened on the network, all of which might have played a role in the alt's uptrend.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Bitcoin [BTC] has broken above the $20.4k-$20.5k region which had rebuffed it a week or so ago.

Cryptocurrency prices were in the deep red on Thursday morning before rallying on Friday. The Bitcoin price in particular rebounded well as crypto investors enjoyed a buoyant market.

Prime Protocol is pleased to introduce support for Fuji, which is Avalanche's testnet chain, in their upcoming testnet beta. Avalanche has reportedly “averaged over a million processed transactions per day in the last month.

Exploits have been regularly plaguing the blockchain industry and DeFi protocols like never before. Nearly each passing day there is another horror story of a well-known protocol being drained of funds by hackers through an exploit that could have been caught in advance.