AVAX Drops 4% as Critical Short-Term Support Breaks

1 week ago

AVAX AVAX broke beneath cardinal enactment levels connected accrued trading measurement connected Wednesday, tracking's bitcoin's BTC 1.1% diminution implicit 24 hours.

Technical Analysis

• AVAX formed a descending transmission with progressively little highs and little lows implicit the 24-hour period.

• Price broke beneath cardinal enactment astatine $21.05 during dense measurement sessions.

• Notable absorption was established astatine $21.64, wherever selling unit intensified significantly.

• The $20.85 level present represents contiguous enactment that could accelerate bearish momentum toward $20.50 if broken.

• A impermanent treble bottommost formed astatine $20.85 earlier a rally to trial $21.03 resistance.

• The highest measurement of the play (50,477 units) confirmed the downtrend continuation.

• Total terms scope for the play was 0.79 (3.67%), falling from $21.56 to $20.89.

View source