Avax broke through key resistance levels on high volume and established new support zones around $ 21.30, as dealers navigate complex market conditions affected by international trade disputes and monetary policy speculation.
Technical analysis
• Avax climbed from $ 20.52 to $ 21.31, representing a 3.8% gain with a total range of $ 1.28 (6.2%).
• Price formed a clear increase with higher low and higher heights that broke through key resistance to $ 20.90.
• Ex.
• Strong support established at $ 21.15 after the wave.
• The most significant price movement occurred as Avax rose past the psychological level of $ 21.00.
• Pronounced correction so the price dropped 5.8% on the highest volume (40,669).
• Falling volume suggests consolidation after volatile price action.