DeFi· ★★★· neutral·

Avalanche to Link $2B of Indian Grain From 12,000 Warehouses to On-Chain Financing

  • —Over $2B of grain across 12,000+ Indian warehouses to be tied to on-chain financing on Avalanche
  • —AVAX at $11.22, down 3.31% in 24 hours, still above its 50- and 200-day moving averages
  • —Support sits at $10.454; upper Bollinger Band resistance at $12.232
  • —Daily trading volume has cooled to about $800M from $2.5B during the September rally
Why it matters: The India initiative gives AVAX a real-world commodity-lending use case, though price and volume confirmation is still needed.
#AVAX
Source: TronWeekly
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