Avalanche’s Avax
The token has established strong support around the $ 22 level, successfully defending against many downward trials, according to the CoinDesk Research technical review model.
Avax has reached 4% in the last 24 hours, raising CoinDesk 20 – an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins – which rose 2.5% over the same period.
Technical analysis
• Avax established a major high volume of zone support around $ 22.00 successfully defended against many trials.
• Price action showed a 3.89% range from low $ 21.62 to high $ 22.64, indicating moderate volatility.
• Most significant price movements occur with an increase of 2.44% in volume, 2.8x higher than the 24 -hour average.
• Building higher lows throughout the season proves an emerging riot with a resistance to $ 22.57.
• A 1.7% decline in the last time from $ 22.43 to $ 22.05 before presenting a moderate recovery.
• Noteworthy 5.9% slides in exceptional high volume (almost 3x in time average).
• The new zone support established around $ 22.20- $ 22.25 with price integration in this range.
• Volume patterns indicate distribution during rejection and accumulation during recovery.
• $ 22.40 level now serves as an immediate objection.
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.
