Avalanche
Has struggled to maintain short -term momentum, with trading models showing training of descending channels despite attempts to stabilize key support levels, according to the Technical Analysis model for the search for Coindesk.
The token dropped 1.4% in the past 24 hours to $ 18.43 while the Coindesk 20 – an index of the first 20 cryptocurrencies by market capitalization, excluding stablescoins, the same and exchange parts – lost only 0.5%.
The recent high -volume sales pressure suggests a continuous short -term lowering feeling, although strong purchases have emerged during recent decreases.
Technical analysis
• AVAX has experienced significant price volatility in the last 24 hours, establishing a range of 0.84 (4.5%) between the summit of $ 18.93 and the lowest of $ 18.09.
• The assets found strong support in the area from $ 18.15 to $ 18.25, while faced with resistance nearly $ 18.85 at $ 18.90.
• Price action has formed a downhill channel, with a recent high volume sales pressure suggesting a continuous lower feeling despite the attempts to stabilize the level of $ 18.40.
• AVAX experienced a V -recovery, from $ 18.35 to a lower $ 18.09 with an exceptionally high volume (52,056 units) before bolishing $ 18.40.
• The recovery has taken on a significant dynamic when the price broke out with resistance at $ 18.27 in volume greater than 67,000 units, establishing a new support area around $ 18.33 at $ 18.35.
• The upward trend has peaked in three consecutive zero volumes in three minutes suggesting potential consolidation before the next price movement.
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