Avax
Bread under key support levels on increased trading volume on Wednesday, tracking Bitcoin’s fall of 1.1% over 24 hours.
Technical analysis
• Avax formed a falling channel with gradually lower heights and lower low lower in the 24-hour period.
• The price broke under key support for $ 21.05 during sessions of heavy volume.
• Remarkable resistance was established at $ 21.64, where the sale of pressure intensifies significantly.
• The level of $ 20.85 now represents immediate support that can speed up bearish momentum against $ 20.50 if broken.
• A temporary double bottom formed to $ 20.85 before a demonstration to test $ 21.03 resistance.
• The highest volume in the period (50,477 units) confirmed the continuation of downward continuation.
• The total price range for the period was 0.79 (3.67%) and dropped from $ 21.56 to $ 20.89.
