Avalanche’s Avax token has broken out of its correction phase by several weeks, which shows remarkable strength despite running geopolitical tensions affecting cryptocurrency markets.

The wider market meter, Coindesk 20 -Index (DLCS) has shown unique Bullish Momentum, waving from 1403.33 to 1461.17 in the last 48 hours, representing a gain of 4.12%, while the total range spans 95.56 points (6.97%) from the low 1365.61 to height of 1461,17.

The recent pricing of Avax shows accelerated momentum with the formation of a bull flag pattern and crucial breakout of $ 20.40, coinciding with a significant institutional development in the ecosystemAt According to Coindesk Research’s technical analysis data.

Technical analysis highlights

• Avax demonstrated remarkable strength and waves from 18.87 to 20.89, representing a gain of 10.7%.
• Price action reveals a clear bullish trend with higher low downturns that form a strong support trendline around 19.50.
• After consolidating between 19.30-19.70 on April 20, Avax experienced a significant outbreak on April 21, with volume increasing significantly as the price pushed over 20.00.
• The last 48 hours show accelerated momentum with the formation of a bull flag pattern and a crucial breakout of 20.40, which suggests further upside -looking potential.
• Key resistance of 20.90 now becomes the level of seeing, with Fibonacci extension targets pointing to 21.50 as the next important goal.
• In the last 100 minutes, Avax rose from 20.61 to 21.04, which represented a gain of 2.1%.
• After consolidating between 20.50-20.60 during 13: 20-13: 40 time frame, Price formed a solid base before starting a strong upward move.
• The crucial breakout occurred at. 14:40 with extraordinary volume (146,387 units), creating a strong level of support of 20.80.
• Several high-volume candles followed between 14: 44-14: 48, pushing the price through the critical 21.00 psychological barrier with the highest volume tip (142,112 units) at. 14:47.
• This outbreak ends the bullish pattern established in the previous 48 hours, with Fibonacci extension targets now suggesting 21.50 as the next important goal.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy. This article may include information from external sources listed below when appropriate.

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