AVAX Breaks Key Support at $21.05 Amid Increased Trading Volume
AVAX Market Update
- AVAX broke below key support levels amid increased trading volume.
- Price declined in tandem with Bitcoin's 1.1% drop over 24 hours.
- Formed a descending channel with lower highs and lower lows.
- Key support at $21.05 was breached during heavy trading sessions.
- Resistance established at $21.64, with intensified selling pressure.
- Immediate support at $20.85 could lead to further bearish momentum toward $20.50 if broken.
- A temporary double bottom formed at $20.85 before testing resistance at $21.03.
- Highest trading volume reached 50,477 units, confirming the downtrend.
- Total price range was 0.79 (3.67%), falling from $21.56 to $20.89.