Cryptocurrency market is experiencing significant instability due to Israeli attacks on Iran. Avalanche
Particularly affected, undergoing enough 13% improvement with high trading volumes.
Despite the sharp decline, buyers have installed strong support in $ 18.57– $ 18.70 range, with recent price action, showing signs of stabilization and potential consolidation, according to the technical analysis model of Coindesk Research.
Coindesk 20 – An index of top 20 cryptocurrency by market capitalization, except for stabelines, memecoin and exchange coins – has lost 6.2% in the last 24 hours.
technical analysis
• Avax represented a significant improvement, falling from $ 21.26 to a low of $ 18.57, a fall of 12.65% in a 24-hour period.
• Strong support was installed around $ 18.57- $ 18.70.
• Recent price action formed a ascending channel with resistance at $ 19.52, while highlighting sufficient instability in a 24-hour trading range of $ 2.69.
• In the last hour, Avax performed recovery, climbing from $ 19.04 to $ 19.13 (0.45% profit).
• Volume analysis reveals particularly strong purchase interest, with extraordinary volume (86,895 units) $ 19.26 is priced up to a high level of session.
• The last 15 minutes established support at $ 19.06, in which buyers pushed Avax above $ 19.13.
Disclaimer: Some parts of this article were generated with assistance from the AI tool and reviewed by our editorial team to ensure accuracy and adherence. Our standard. See for more information Coindesk’s full AI policy.
