Avalanche’s token
Demonstrates short -term strength and climbs from $ 20.91 to a highlight of $ 22.47, representing a 7.4%range, according to Coindesk Research’s technical analysis model. The token then experienced a correction of 1.65%. Avax has increased by 4.2% over the past 24 hours.
Coindesk 20 – an index of the 20 best cryptocurrencies at market value, excluding exchange coins, Memecoins and stableecoins – has increased by 3.7% in the same period.
Technical analysis
• Two breakout periods with high volume drive a significant price action: 5% wave with volume above 1.4 m and 2.1% gain of 1.8 m volume.
• Strong support is formed at $ 21.53- $ 21.63 level, with the total trend remaining Bullish when the price maintains over central support zones.
• Avax experienced considerable volatility in the last hour, originally climbed to $ 22.47 before a correction of 1.65%.
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• Price action suggests a V-shaped recovery pattern with a strong purchase pressure that emerges after the sale.
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.
