Are 6.4% gains just an appetizer? With NYSE-related tailwinds behind AVAX, how far away is the next rally?

AVAX recently got another reason to excite the market.
A tokenized securities platform affiliated with the NYSE plans to use Avalanche as its underlying ledger technology for clearing and settlement. After the news was announced, AVAX briefly rose about 6.4%.
Many investors have started discussing whether this is the start of a new rally.
From a news perspective, this development certainly has potential. The traditional stock market is huge, and if some trading, clearing, and settlement activities gradually move onto the blockchain in the future, related infrastructure could see new demand.
But as the saying goes: good news drives prices up; capital provides the follow-through.
Whether the short-term rise can continue cannot be judged by the headline alone. It is also necessary to watch whether trading volume continues to grow, whether a pullback follows the rise, and whether BTC and the broader altcoin market provide support.
If AVAX can hold key support levels after rising while capital continues to flow in, the rally may have the conditions to extend further.
Conversely, if trading volume quickly dries up after the news-driven boost, short-term profit-takers may choose to exit.
So, 6.4% is just a market reaction, not a guarantee of future returns.
Whether AVAX can move from a news-driven rally to a trend-driven rally will depend crucially on the next few trading days.$AMD

‌#AVAX利好短时上涨6.4%