Avax Slides 7% Before Establishing Strong Resistance at $ 22.35 Level

A County in New Jersey Recently Announced that It Wuld of the Avalanche Blockchain to Digitize All Property Deeds. May 30, 2025, 4:14 pm

The Cryptocurrency Market is Experienceing Significant Downward Pressure as Global Economic Uncertainties Impact Digital Assets Across The Board. Avalanche (Avax) Has Been Particularly Affected, With Increased Selling Occurring at High Volume, Establishing Strong Resistance at the $ 22.35 Level.

New Jersey’s Bergen County Announced on Wednesday that It Plans to Digitize All Property Deeds on the avalanche Network Under A Five-Year Agreement Will.

Technical Analysis

• Significant Bearish Momentum with Price Droping from $ 23.04 to $ 21.48, Representing A 6.78% Loss Over 24 Hours.

• Strong Volume-Basted Resistance Establissed at the $ 22.35 Level with Exceptionally High Volume (2.24m).

• Multiple recovery attempts were rejected at the $ 21.88 Zone, Forming A Clear Resistance Celing.

• Support Emerged Ameund $ 21.32- $ 21.40 with IncreASING BUY VOLUME.

• Price Briefly Rallied to $ 21.53 on High Volume.

• Multiple Support Tests Around $ 21.45- $ 21.47 Suggest Consolidation Forming.

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