Avalanche RWA volume surges 360% as AVAX faces resistance

The Avalanche network has seen a significant surge in Real World Asset (RWA) activity, with tokenized funds, stocks, treasury products, and private credit driving a 360% increase in transfer volume over the last 30 days. This growth brought the 30-day transfer volume to approximately $365.29 million.

Despite this increase in network utility, the native AVAX token has struggled to reflect this momentum in its market price. AVAX has recently been trading around the $6.45 level, facing persistent resistance near $6.915 and $7.00. While the asset has returned to a historical support zone between $5.80 and $6.50, technical indicators like the MACD show a lack of clear direction, leaving the market uncertain whether the price will break through resistance toward $8.50 or continue to consolidate.