AVAX AVAX broke below key support levels on increased trading volume on Wednesday, tracking’s bitcoin’s BTC 1.1% decline over 24 hours.
Technical Analysis
• AVAX formed a descending channel with progressively lower highs and lower lows over the 24-hour period.
• Price broke below key support at $21.05 during heavy volume sessions.
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• Notable resistance was established at $21.64, where selling pressure intensified significantly.
• The $20.85 level now represents immediate support that could accelerate bearish momentum toward $20.50 if broken.
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• A temporary double bottom formed at $20.85 before a rally to test $21.03 resistance.
• The highest volume of the period (50,477 units) confirmed the downtrend continuation.
• Total price range for the period was 0.79 (3.67%), falling from $21.56 to $20.89.
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📖 Related Reading
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- 📰 Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
AVAX Slides 7%, Hits Strong Resistance at $22.35 Level
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
AVAX Slides 7%, Hits Strong Resistance at $22.35 Level
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
AVAX Slides 7%, Hits Strong Resistance at $22.35 Level
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
AVAX Slides 7%, Hits Strong Resistance at $22.35 Level
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!