After reaching a high $ 19.99, Avalanche’s token
was clearly rejected by the $ 20 psychological barrier, which had been able to speed up the sale that pushed prices up to $ 18.61, according to the technical review model of CoinDesk Research. The decline in conjunction with the peak trading volume of 1.9 million, suggesting large -scale income extraction and positions in position.
The token dropped 5.8% in the last 24 hours, while CoinDesk 20 – index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins – lost 4.2%.
Technical analysis
• i -Clear denial of the $ 20.00 psychological resistance level.
• Peak trading volume (1.9m) occurred at midnight when the price was easy to handle by $ 18.74.
• Support is formed in $ 18.90- $ 19.00 zone with many trials.
• The four-hour integration pattern suggests potential stabilization after sharp decline.
• Reducing volumes indicates the entrepreneur’s interest in current levels.
• Double top pattern generated around $ 19.05 levels.
• Increasing sale pressure with decline of volumes suggests fatigue to the entrepreneur.
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.
