Cryptographic markets were shaken Thursday when US President Donald Trump and Tesla CEO, Elon Musk, embarked on a stormy argument on social networks on American national debt, which has accumulated in the richest man in the world approving the dismissal of Trump and claiming the politician elected to Twice was involved in Jeffrey Epstein files.
Avalanche token, Avx
was one of those successes, falling at $ 18.48 from $ 20.14. It has since increased by 6% to $ 19.65 to recover almost 58% of losses while forming a promising ascending channel model with resistance at $ 19.76, according to the Technical Analysis model of Coindesk Research.
The token lost 1% over 24 hours, while the Coindesk 20, an index of the first 20 cryptocurrencies by market capitalization, with the exception of stablescoins, exchange parts and the same, dropped by 0.85%.
Recent negotiation sessions show decisive purchase pressure, with significant volume peaks coinciding with price overvoltages that briefly pushed Avox to a local summit of $ 19.76. Market analysis highlights the coherent low -higher training in the last 14 hours as proof of strengthening the bullish momentum, with the psychological level of $ 20.00 now at hand if the current trajectory is valid.
Technical analysis
• AVAX experienced a sharp drop of 8.14% from $ 20.14 to $ 18.48, with advanced sales pressure when the volume increased to 3.65 million.
• Solid support established at $ 18.48, with a price amount regularly at $ 19.65, recovering 57.8% of losses.
• An upward channel motif was formed with resistance at $ 19.76.
• High volume support appeared at $ 18.48 at $ 18.88.
• highest coherent stockings in the last 14 hours indicate the strengthening of the bullish momentum.
• During the last hour, AVAX continued to recover with a gain of 1.01% from $ 19.49 to $ 19.69.
• Volume points occurred (45,299 and 64,948 units), coinciding with price overvoltages at a local summit of $ 19.76.
• The current price action shows the strengthening of bullish feeling with support levels around $ 19.53 to $ 19.55.
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