Avalanche’s Avax
Token experienced significant price change in a short time, trading within a range of 5.5% between $ 21.16 and $ 19.98. The bear remains control despite consecutive supports around the $ 20.10 level.
The 18th largest currency by market capitalization, down 5% in 24 hours, underperformed CoinDesk 20-an index of the top 20 cryptocurrencies by market cap, excluding memecoins, stablecoins and exchange coins-which lost 1.7% at the same time.
Technical analysis
• Avax established a trade range of $ 1.15 (5.5%) between a high $ 21.16 and less than $ 19.98 in 24 hours.
• Strong resistance formed at $ 20.68, with a sharp decline combined with the maximum spike volume (1.58m).
• A moderate recovery attempt appeared, which drives the price to $ 20.53, but the pressure sale quickly returns.
• In the last time, Avax dropped from $ 20.512 to $ 20.073, which represents a 2.14% decline.
• A clear bearish pattern formed, which drives the price from $ 20.39 to $ 20.22.
• Volume spiked noticeable (60,003 units), proving a strong momentum.
• The price below the psychological $ 20.10 support level with a minor recovery attempt was damaged.
• Current technical setups show established resistance to $ 20.47 and immediate support to $ 20.00.
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.
