“Avalanche’s Native Token Faces Significant Selling Pressure, Thought Buyers Have Emerged at A Key Short-Term Support Level.”, – WRITE: www.coindesk.com
HAS BEEN PARTICULARLY AFFERTED, Undergoing A Substantial 13% Correction With High Trading Volume.
Despite The Sharp Decline, Buyers Have Established Strong Support in the $ 18.57- $ 18.70 Range, With Recent Price Action Showing Sigins of Stabilization and Potential CONCOLIDATION, ACCOLIDATION Technical Analysis Model.
The Coindesk 20 – An Index of the Top 20 Cryptocurrencies by Market Capitalization, Excluding Stablecoins, Memocoins and Exchange Coins – Has Lost 6.2% in the Last 24 Hours.
Technical Analysis
• Avax Underwent A Significant Correction, Droping from $ 21.26 to A Low of $ 18.57, Representation A 12.65% Decline Over The 24-HOUROD PERIOD.
• Strong Support Was Establized AROUND $ 18.57- $ 18.70.
• Recent Price Action ForMed An Ascending Channel with Resistance at $ 19.52, While The 24-Hour Trading Range of $ 2.69 Highlights Substantial Valativity.
• In the Last Hour, Avax Demonstrated Recovery, Climbing from $ 19.04 to $ 19.13 (0.45% GAIN).
• Volume Analysis Reveals Particularly Strong Buying Interest, with Exceptional Volume (86.895 UNITS) Propelling Price to Session Highs Near $ 19.26.
• The Final 15 Minutes Establissed Support at $ 19.06, with Buyers Pushing Avax Back Above $ 19.13.
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