Avalanche crypto nears $12 as tokenized Treasuries hit $545M

​That represented a 14% increase during the third quarter and was four times the amount recorded one year earlier. The figures were attributed to real-world asset data platform RWA.xyz.

Put simply, tokenized Treasuries allow investors to gain exposure to U.S. government debt through blockchain-based products.

The rise meant that Avalanche has more traditional financial assets being issued on it or in some way representational on it.

Can $AVAX finally clear $12?

From its low around the $7.23 price level, $AVAX has advanced almost 60%. Through its rally, it has climbed above critical average price levels eyed by traders, signaling that the buyers have wrestled control from sellers on broader trend.

The initial struggle looks like it could be between the $11.70 and $12 price levels.$AVAX has now tried this area several times without producing a confident daily close above the area. Another rejection could keep it moving sideways or trigger some profit-taking.

However, if $AVAX were to break above the $12 mark, then this could well change the scenario, and buyers might try to hold $AVAX above the breakout level and push for the $13 mark.

However, $10.40 and $10.50 are the first key areas to look at. Prices here are closer to $AVAX’s average price, meaning that buyers may emerge on this pullback.