Avax
It broke below the key support levels in the increase in the volume of negotiation on Wednesday, the 1.1% decrease in the monitoring of the follow -up for 24 hours.
Technical analysis
• AVAX formed a descending channel with progressively lower and lower high ups and downs during the 24 -hour period.
• The price broke below the key support at $ 21.05 during heavy volume sessions.
• Notable resistance was established at $ 21.64, where the sales pressure intensified significantly.
• The level of $ 20.85 now represents immediate support that could accelerate the bearish impulse towards $ 20.50 if it breaks.
• A temporary double fund was formed at $ 20.85 before a rally to test the resistance of $ 21.03.
• The highest volume of the period (50,477 units) confirmed the continuation of the bearish trend.
• The total price range for the period was 0.79 (3.67%), falling from $ 21.56 to $ 20.89.
