After reaching a maximum of $ 19.99, the Avalanche file
It was abruptly rejected in the $ 20 psychological barrier, which triggered the accelerated sale that reduced prices at $ 18.61, according to the technical analysis model of Coindesk Research. The rejection coincided with a maximum negotiation volume of 1.9 million, which suggests that large -scale profits and position settlements.
The Token has dropped 5.8% in the last 24 hours, while Coendesk 20, the index of the 20 main cryptocurrencies for market capitalization, excluding stable, memecors and exchange currencies, has lost 4.2%.
Technical analysis
• Sure of rejection of the level of psychological resistance of $ 20.00.
• The maximum negotiation volume (1.9m) occurred at midnight when the price touched briefly $ 18.74.
• The support has been formed in the area of $ 18.90- $ 19.00 with multiple tests.
• The four -hour consolidation pattern suggests a potential stabilization after the strong decrease.
• Decreasing volumes indicate the interest of operators at current levels.
• The double double pattern formed around the level of $ 19.05.
• The increase in sales pressure with decline volumes suggests the exhaustion of the merchant.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
