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Token Avalanche
According to the model of Coindesk Research technical analysis, he recently broke out from the consolidation phase and set a strong level of support. The token increased by 0.8% in the last 24 hours.
Coindesk 20 – Index 20 best cryptocurrencies of market capitalization, with the exception of stablekoin, exchange coins and memoins – lost 0.4%over the same period.
Technical analysis
• Avax has shown a durable price action during the 24 -hour period and created a small uptrend.
• After initial consolidation between $ 17,13-17,35, AVAX broke out with a significant volume, creating strong support to $ 17.07 confirmed by above-average volume during reversal.
• The asset has been determined by a higher minimum at all times, with a resistance of $ 17.63 tested several times, indicating the completion of the storage phase and the potential for continuing ascending dynamics.
• Avax showed significant volatility with a strong recovery pattern and rose from 17.37 to $ 17.45 (0.50% profit).
• Avax after the initial elevation to $ 17.46 experienced correction to $ 17.36, creating a double DNA formula before the assembly with increasing volume.
• The last minutes have shown that the price reflected back from $ 17.37 to $ 17.46, indicating the renewed purchase interest and the potential continuation of the wider uptrend.
Renunciation of responsibility: Parts of this article were created with the help of AI tools and reviewed our editorial team to ensure accuracy and observance our standards. See more information Complete policy of AI of Coindeska.
