“Avalanche’s token is Showing Resiliency with Strong Volume Support, Breaking Through Multiple Resistance Levels on the Short-Term.”, – WRITE: www.coindesk.com
HAS GAINED 3.1% in the Last 24 Hours and Appears to Be Undergoing A V-Shaped Recovery Even as the War Between Iran and Israel Continuses, Accounting To Coindes Model.
The Coindesk 20 – An Index of the Top 20 Cryptocurrencies by Market Capitalization, Excluding Stablecoins, Memocoins and Exchange Coins – Has Risen 3.6% in the Same Period of Time.
Technical Analysis
• V-Shaped Recovery Pattern Formed with Price Rebounding from $ 18.75 to Reach $ 19.85, Establishing A 5.88% Range.
• Strong Volume Support Emerged at the $ 18.75- $ 18.85 Zone, with Above-Average Volume (391K-426k) Compared with The 24-HOUR SIMPLE MOVING AVERAGE OF 385K.
• Recovery Momentum Accelerated with Consistent High-Volume Buying.
• Key Resistance Levels at $ 19.35 and $ 19.65 Were Successful Broken, Culminating in a New Local High of $ 19.85.
• In the Last Hour, Avax ForMed A Clear Ascending Channel with Volume Consistently Exceeding 10,000 Units per Minute.
• Significant Breakout Occurred Through the $ 19.60 Resistance Level.
• Final Push to $ 19.81 Was ConfirMed with Exceptionally High Volume (20.401).
• Current Support Establized at $ 19.75 Appears to Be Holding, Suggesting Potential for Continued Upward Movement.
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