3 days ago
Avalanche’s AVAX AVAX token has established beardown enactment astir the $22 level, successfully defending against aggregate downward tests, according to CoinDesk Research's method investigation model.
AVAX is up 4% successful the past 24 hours, outperforming the CoinDesk 20 — an scale of the apical 20 cryptocurrencies by marketplace capitalization, excluding stablecoins, memecoins and speech coins — which has risen 2.5% successful the aforesaid play of time.
Technical Analysis
• AVAX established a cardinal high-volume enactment portion astir $22.00 that successfully defended against aggregate tests.
• Price enactment showed a 3.89% scope from the debased of $21.62 to the precocious of $22.64, indicating mean volatility.
• Most important terms question occurred with a 2.44% summation successful volume, 2.8x higher than the 24-hour average.
• Formation of higher lows passim the play confirms an emerging uptrend with absorption astatine $22.57.
• A 1.7% diminution successful the past hr from $22.43 to $22.05 earlier staging a mean recovery.
• Notable 5.9% descent connected exceptionally precocious measurement (nearly 3x the hourly average).
• New enactment portion established astir $22.20-$22.25 with terms consolidating successful this range.
• Volume patterns bespeak organisation during diminution and accumulation during betterment phase.
• $22.40 level present serving arsenic contiguous resistance.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
English (US) 