Avalanche Price Holds Steady as Schwab Prepares to Add AVAX Trading

Avalanche's price is hovering around $7 as institutional interest in the cryptocurrency continues to rise. The tokenized real-world assets (RWA) on its blockchain have reached a value of $3 billion, with recent data showing a quadrupled increase since October.

Charles Schwab, one of the largest brokerage firms in the US, is planning to add AVAX trading to its digital asset service, Schwab Crypto. This move may signal increased institutional confidence in Avalanche's network and could provide a boost to the cryptocurrency's price.

Analyst Khonshu Arc notes that AVAX faces a critical technical test with $7.00 to $7.20 as a key support zone. If bulls can defend this area, it could stabilize the price and help buyers regain momentum. However, if the support is broken, it may lead to further declines.