Avalanche’s token
Has achieved 3.1% in the last 24 hours and seems to undergo a V-shaped improvement, even when the war between Iran and Israel continues, according to Coindesk Research’s technical analysis model.
Coindesk 20 – an index for the 20 best cryptocurrencies at market value, excluding stableecoins, memcoins and exchange coins – has increased 3.6% in the same period.
Technical analysis
• V-shaped recovery pattern formed with price structure from $ 18.75 to reach $ 19.85 and establish a 5.88% range.
• Strong volume support occurred with $ 18.75- $ 18.85 zone with volume above average (391K-426K) compared to the 24-hour simple sliding average of 385k.
• Recovery momentum accelerated with consistent purchase of high volume.
• Key resistance levels for $ 19.35 and $ 19.65 were successfully broken, culminating with a new local height of $ 19.85.
• In the last hour, Avax formed a clear rising channel with volume that consistently exceeds 10,000 units per year. Minute.
• Significant outbreak occurred through the $ 19.60 resistance level.
• Final push for $ 19.81 was confirmed with unusually high volume (20,401).
• Current support established at $ 19.75 seems to be holding, suggesting the potential for continued movement upwards.
Disclaimer: Parts of this article were generated with the help of 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.
