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.
News source: AVAX Rises 3.8% on Strong Volume, Breaking Key Resistance Levels
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