Bergen County to Digitize Property Records Using Avalanche as AVAX Faces Selling Pressure

Avalanche’s native token AVAX experienced a notable decline amid broader crypto market volatility linked to global economic uncertainty. Despite heavy selling and strong resistance at $22.35, the blockchain’s real-world adoption continues to grow.

Bergen County, New Jersey, revealed plans on Wednesday to use the Avalanche blockchain for digitizing all county property deeds, signing a five-year deal with blockchain technology firm Balcony. This initiative aims to modernize public records through secure, transparent blockchain infrastructure.

Technical Summary:

• AVAX dropped 6.78% in the last 24 hours, falling from $23.04 to $21.48 amid intensified selling pressure.
• The $22.35 level has proven a significant resistance point, with trading volumes hitting 2.24 million tokens.
• Attempts to push price above $21.88 were repeatedly rejected, highlighting persistent selling walls.
• Support was found between $21.32 and $21.40, where buy volume started to build.
• A short-lived rebound lifted AVAX to $21.53 on strong volume.
• Consolidation appears underway, with the token testing support near $21.45-$21.47 multiple times.

Though price action remains volatile, Bergen County’s move underscores Avalanche’s expanding use cases beyond speculation, potentially supporting longer-term value.