Avalanche’s AVAX AVAX token has established strong support around the $22 level, successfully defending against multiple downward tests, according to CoinDesk Research’s technical analysis model.
AVAX is up 4% in the last 24 hours, outperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 2.5% in the same period of time.
Technical Analysis
• AVAX established a key high-volume support zone around $22.00 that successfully defended against multiple tests.
• Price action showed a 3.89% range from the low of $21.62 to the high of $22.64, indicating moderate volatility.
• Most significant price movement occurred with a 2.44% increase in volume, 2.8x higher than the 24-hour average.
• Formation of higher lows throughout the period confirms an emerging uptrend with resistance at $22.57.
• A 1.7% decline in the last hour from $22.43 to $22.05 before staging a moderate re
We współpracy z: https://www.coindesk.com/markets/2025/06/11/avax-adds-4-as-22-support-zone-holds
