The cryptocurrency market experiences significant volatility due to Israeli strikes in Iran. Avalanche
is especially affected, undergoing a large 13% correction with a high trading volume.
Despite the sharp decline, consumers have established strong support to $ 18.57- $ 18.70 range, with recent price action showing signs of stabilization and potential integration, according to the technical review model of CoinDesk Research.
CoinDesk 20 – an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins – lost 6.2% in the last 24 hours.
Technical analysis
• AVAX has undergone a significant correction, decreasing from $ 21.26 to low $ 18.57, representing a 12.65% decline within 24 hours.
• Strong support was established around $ 18.57- $ 18.70.
• Recent price action is formed by an ascending channel with a resistance to $ 19.52, while the 24 -hour trade range of $ 2.69 features large volatility.
• In the last time, Avax showed the recovery, climbing from $ 19.04 to $ 19.13 (0.45% gain).
• Volume evaluation shows particularly strong interest in purchase, with extraordinary quantities (86,895 units) propelling prices at Session Highs near $ 19.26.
• The final 15 minutes established the support of $ 19.06, with consumers pushing the Avax back above $ 19.13.
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.
