The avalanche token
Demonstrates a short -term force, going from $ 20.91 to a peak of $ 22.47, which represents a range of 7.4%, according to the Technical Analysis model of Coindesk Research. The token then experienced a 1.65%correction. AVAX increased by 4.2% in the last 24 hours.
The Coindesk 20 – An index of the first 20 cryptocurrencies by market capitalization, excluding exchange parts, the same and the stablecoins – is up 3.7% during the same period.
Technical analysis
• Two periods of high volume escape resulted in significant price action: an increase of 5% with a volume exceeding 1.4 m and a gain of 2.1% over a volume of 1.8 m.
• Solid support consisting of $ 21.53 to $ 21.63, the overall trend remaining upwards, because the price maintains above key support areas.
• AVAX experienced significant volatility during the last hour, initially climbing $ 22.47 before a correction of 1.65%.
• A temporary support formed at $ 21.80 at $ 21.82, followed by a recovery establishing a channel to the trend with higher stockings.
• Price action suggests a V recovery model with a high purchase pressure emerging after sale.
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