Avalanche’s token
shows short-term strength, climbing from $ 20.91 to a peak of $ 22.47, representing a range of 7.4%, according to the technical review model of Coindesk Research. The token then experienced a 1.65% correction. Avax has climbed 4.2% in the last 24 hours.
CoinDesk 20 – an index of the top 20 cryptocurrencies by market capitalization, excluding exchange coins, memecoins and stablecoins – reached 3.7% over the same period of time.
Technical analysis
• Two periods of high breakout volume pushed significant price action: 5% climbing with volume exceeding 1.4m, and 2.1% obtained at 1.8M volume.
• Strong support generated at $ 21.53- $ 21.63 level, with a general trend remaining bullish as the price maintains above the main zone supports.
• Avax experienced significant volatility at the last time, initially rising to $ 22.47 before a 1.65% correction.
• Temporary support generated at $ 21.80- $ 21.82, followed by a recovery establishing an uptrend channel with higher lows.
• Price action suggests a V-shaped recovery pattern with a strong purchase pressure emerging after sale.
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.
