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AVAX AVAX AVAX increased by 8.2% in 24 hours and climbed to $ 16.29 to $ 18.50, which set strong support at $ 18.03, but according to the model of Coindesk Research technical analysis faces resistance $ 18.47-18.50.
Coindesk 20 – Index 20 best cryptocurrencies of market capitalization, with the exception of stablecoins, memoins and exchange coins – increased by 6.3%over the same period.
Technical analysis
• The price action created a clear uptrend with higher minimums, which was set at $ 18.03, while significant volumes at $ 17.40 and $ 18.07 confirmed the buyer’s strong interest.
• The remarkable resistance zone appeared around 18.47-18.50, where the profit was reached after the initial increase, although the asset maintained most of its profits and seems to be ready for further upwards if it can break through with permanent volume.
• In the last 60 minutes, AVAX has shown a remarkable volatility with a clean descending sweend, dropping from 18.24 to 18.19 USD, which is a decrease of 0.28%.
• The asset has experienced significant price fluctuations and reached a maximum of $ 18.64 before they encounter a strong sales pressure that reduced prices to $ 18.14.
• A short recovery attempt has created with three consecutive green candles, but these ralles failed in resistance, confirming the bear sentiment that dominated the second part of the session.
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.
