Avalanche’s token
Recently exploded from a phase of integration -Is, which establishes a strong support level, according to the CoinDesk Research technical review model. The token reached 0.8% in the last 24 hours.
CoinDesk 20 – an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, exchange coins and memecoins – lost 0.4% at the same time.
Technical analysis
• Avax showed elastic price action within 24 hours, establishing a small climb.
• After the initial integration between $ 17.13- $ 17.35, the Avax exploded with a significant volume, forming a strong support of $ 17.07 confirmed by the upper-average volume during reversal.
• The owner establishes higher lows throughout the season, with a resistance to $ 17.63 tested several times, suggesting the completion of the accumulation and potential phase for the ongoing upward momentum.
• Avax showed significant volatility with a strong recovery pattern, rising from $ 17.37 to $ 17.45 (0.50% gain).
• After a preliminary cost of $ 17.46, Avax experienced a correction at $ 17.36, forming a double pattern underneath before presenting a rally with an increase in volume.
• Last minutes showed the price bouncing back from $ 17.37 to $ 17.46, suggesting that updated interest in buying and potential continuation of greater climbing.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
