The cryptocurrency market undergoes significant drop pressure, as global economic uncertainties have an impact on digital assets at all levels. The avalanche (AVAX) has been particularly affected, with an increased sale occurring at a high volume, establishing high resistance at $ 22.35.
The county of Bergen of New Jersey announced Wednesday that it planned to scan all acts of property on the Avalanche network under a five -year agreement with the Blockchain Balcony software company.
Technical analysis
• significant Momentum Barsish with price drop from $ 23.04 to $ 21.48, which represents a loss of 6.78% over 24 hours.
• Strong resistance based on the volume established at $ 22.35 with an exceptionally high volume (2.24 m).
• Several recovery attempts were rejected in the $ 21.88 area, forming a clear resistance ceiling.
• Support emerged approximately $ 21.32 at $ 21.40 with an increasing purchase volume.
• The price briefly rallied to $ 21.53 in high volume.
• Multiple support tests from around $ 21.45 to $ 21.47 suggest the consolidation formation.
