AVAX Trading Range Shows 5.5% Fluctuation Amid Bearish Pressure
Avalanche's AVAX token has seen a price fluctuation of 5.5%, trading between $21.16 and $19.98. It is currently down 5% over the last 24 hours, underperforming the CoinDesk 20 index, which decreased by 1.7%.
Technical Analysis
- Trading range established: $1.15 (5.5%) from $21.16 to $19.98.
- Resistance at $20.68 with a volume spike of 1.58M during a decline.
- Price attempted recovery to $20.53 but faced selling pressure.
- Recent drop from $20.512 to $20.073 signifies a 2.14% decline.
- Bearish pattern observed, with price falling from $20.39 to $20.22.
- Volume increased dramatically to 60,003 units, indicating strong selling momentum.
- Support level breached at $20.10, with minor recovery attempts.
- Current resistance at $20.47 and immediate support at $20.00.