Avalanche (AVAX) Stages Comeback as Dinari Global Bridges US Tokenized Stocks to Blockchain

Avalanche's native token AVAX shakes off bearish pressure with a bullish reversal—just as Dinari Global drops a game-changer: US equities hitting the chain.

Tokenized TradFi Goes Full DeFi

Dinari’s move to onboard tokenized US stocks onto Avalanche isn’t just interoperability theater—it’s a liquidity bridge between Wall Street’s paper pushers and crypto’s 24/7 trading pits. Suddenly, your grandma’s Apple shares could moon alongside memecoins.

The AVAX Rebound Play

AVAX bulls are back in the driver’s seat, capitalizing on the network’s institutional charm offensive. Because nothing screams ‘adoption’ like repackaging legacy assets for degens.

Closing Thought: Maybe this time, tokenized stocks won’t end up as just another bull market gimmick—unless Wall Street gets cold feet (again).

Avalanche powers the new Dinari Layer-1 blockchain

Dinari Global, a US-based issuer of tokenized stocks and other securities, has announced the launch of its own proprietary Layer-1 blockchain utilizing the Avalanche tech stack. The blockchain, known as Dinari Financial Network, will serve as a payment settlement and coordination layer across multiple networks, including Arbitrum (ARB), Base, and Plume, with plans to incorporate Solana (SOL) later.

The deal opens a gateway for multiple firms to build their proprietary Layer-1 chains, which could further boost the adoption of Avalanche. 

Furthermore, Avalanche announced the arrival of AAA-rated Collateralized Loan Obligations (CLOs) worth over $21 billion from Grove.finance to its Decentralized Finance (DeFi) ecosystem. The deal also includes over $250 million in Real World Assets (RWAs).

Avalanche eyes major resistance breakout

Avalanche price remains above the 200-day Exponential Moving Average (EMA) at $23.39. The intraday recovery is inching towards the 38.2% Fibonacci level, acting as overhead resistance at $25.50, which is stretched between the $53.98 high from December 8 and the $16.04 low from April 6. 

A decisive push above this resistance is crucial to prolong the recovery run, potentially targeting the 50% retracement level at $29.43. 

The 50-day EMA is rising toward the 200-day EMA, eyeing a Golden Cross, which WOULD flash a buy signal as short-term recovery outpaces the longer-term trend.

Still, the momentum indicators remain mixed as short-term volatility persists. On the daily chart, the Relative Strength Index (RSI) is at 57, up from 52 on Thursday, indicating increased buying pressure and suggesting further potential for recovery. 

Additionally, the Moving Average Convergence Divergence (MACD) maintains an uptrend with its signal line, but lacks swiftness, suggesting low bullish momentum. 

AVAX/USDT daily price chart.

Looking down, if AVAX drops below the 200-day EMA at $23.39, it could extend the decline to the 50-day EMA at $22.58.