Crypto markets were shaken on Thursday when US president Donald Trump and Tesla CEO Elon Musk were engaged in a heated social media argument over the national debt of the United States, combined with the richest man in the world who endorsed Trump’s impeachment and claimed twice the politicians of Jeffrey Epstein Files.
Avalanche’s token, Avax
belongs to the hits, which drops to $ 18.48 from $ 20.14. This is from 6% to $ 19.65 to obtain almost 58% of losses while forming a promising upward channel pattern with a resistance to $ 19.76, according to the technical review model of CoinDesk Research.
The token lost 1% within 24 hours, while the CoinDesk 20.
Recent trading sessions show the decisive purchase pressure, with known quantities of spikes in conjunction with price drops that briefly push Avax to a local high $ 19.76. Market assessments point to the still -like formation of higher lows over the past 14 hours as evidence of boosting the bullish momentum, with a $ 20.00 psychological level now reaching if the current trajectory is holding.
Technical analysis
• Avax experienced a sharp 8.14% decline from $ 20.14 to $ 18.48, with a peak selling pressure when the volume moved to 3.65 million.
• Strong support established at $ 18.48, with a price that subsequently climbed to $ 19.65, recovering 57.8% of losses.
• An ascending channel pattern is formed with a resistance to $ 19.76.
• Known high volume supports appear at $ 18.48- $ 18.88.
• Pare -identical higher lows over the past 14 hours indicates boosting bullish momentum.
• In the last time, AVAX continued recovery with 1.01% gain from $ 19.49 to $ 19.69.
• Volume spikes occurred (45,299 and 64,948 units), which in conjunction with price increases to a local high of $ 19.76.
• Current price action shows boosting bullish emotions with support levels around $ 19.53- $ 19.55.
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.
