Jun 10, 2025
2 0
AVAX Rises 4.2% Amid Strong Buying Pressure and Uptrend Channel
AVAX Price Analysis
- AVAX rose from $20.91 to a peak of $22.47, marking a 7.4% increase.
- Currently, AVAX is up 4.2% in the last 24 hours.
- The CoinDesk 20 index increased by 3.7% during the same timeframe.
Technical Insights
- Two breakout periods: a 5% surge with volume over 1.4M and a 2.1% gain on 1.8M volume.
- Strong support identified between $21.53 and $21.63.
- Initial climb to $22.47 followed by a 1.65% correction.
- Temporary support established at $21.80-$21.82 with subsequent recovery.
- Price action indicates a V-shaped recovery pattern with notable buying pressure after selloff.