CoinDesk
CoinDesk
AVAX+3.76%

AVAX broke through key resistance levels on high volume, establishing new support zones around $21.30 as traders navigate complex market conditions influenced by international trade disputes and monetary policy speculation.

Technical Analysis

• AVAX climbed from $20.52 to $21.31, representing a 3.8% gain with a total range of $1.28 (6.2%).

• Price formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $20.90.

• Exceptionally high volume (1.33M) confirmed the breakout.

• Strong support established at $21.15 following the surge.

• Most significant price movement occurred when AVAX surged past the $21.00 psychological level.

• Pronounced correction saw price drop 5.8% on the highest volume spike (40,669).

• Decreasing volume suggests consolidation after volatile price action.

The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.