The avalanche token
won 3.1% in the last 24 hours and seems to have a V recovery even if the war between Iran and Israel continues, according to the Technical Analysis model of Coindesk Research.
The Coindesk 20 – An index of the first 20 cryptocurrencies by market capitalization, excluding stablescoins, the same and exchange parts – increased by 3.6% during the same period.
Technical analysis
• V recovery model formed with a price rebound of $ 18.75 to reach $ 19.85, establishing a range of 5.88%.
• A strong volume medium appeared in the area from $ 18.75 to $ 18.85, with a volume greater than the average (391K-426K) compared to the simple 24-hour mobile average of 385K.
• Accelerated recovery momentum with high volume coherent purchases.
• Key resistance levels at $ 19.35 and $ 19.65 were successfully broken, leading to a new local summit of $ 19.85.
• During the last hour, Avx formed a clear upward channel with a volume regularly exceeding 10,000 units per minute.
• A significant escape occurred thanks to the resistance of $ 19.60.
• The final thrust at $ 19.81 was confirmed with an exceptionally high volume (20,401).
• The current support established at $ 19.75 seems to be holding, which suggests a continuous increase in movement.
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