Avalanche token
It is demonstrating a short -term strength, rising from $ 20.91 to a peak of $ 22.47, which represents a range of 7.4%, according to the technical analysis model of Coindesk Research. The Token then experienced a 1.65%correction. Avax has increased 4.2% in the last 24 hours.
Coindeesk 20, an index of the 20 main cryptocurrencies for market capitalization, excluding exchange currencies, memecoras and established, has increased 3.7% in the same period of time.
Technical analysis
• Two high -volume break periods promoted a significant price action: 5% increase with volume greater than 1.4 my 2.1% gain in a volume of 1.8 m.
• The strong support was formed at a level of $ 21.53- $ 21.63, with the general trend that is upward as the price maintains above the key support areas.
• AVAX experienced significant volatility in the last hour, initially rising to $ 22.47 before a 1.65%correction.
• Temporary support was formed at $ 21.80- $ 21.82, followed by a recovery that establishes an upward minimal trend channel.
• The price action suggests a V -shaped recovery pattern with a strong purchase pressure that arises after the sale of the sale.
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