Avalanche’s AVAX AVAX token continues to demonstrate significant volatility as it weakens following its recent rally.
After initially rising 3.72% from $20.71 to $21.48, AVAX experienced a sharp reversal, falling to $20.25 and establishing a critical support zone between $20.25 and $20.30, according to CoinDesk Research’s technical analysis model.
Technical indicators suggest the $20.62-$20.63 level is emerging as a crucial floor for near-term price action, with accumulation interest appearing at these levels.
Meanwhile, the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — is up 1.1% in the last 24 hours.
Technical Analysis
• AVAX formed a clear resistance zone around $21.40-$21.50 with high-volume selling pressure.
• Support has developed in the $20.25-$20.30 range, with a notable volume spike.
• Price action formed a descending channel.
• Temporary support formed at $20.62, with subseque
We współpracy z: https://www.coindesk.com/markets/2025/06/09/avax-forms-critical-short-term-support-at-2025-level
