Avalanche
Broke below the level of critical support of $ 17.45 in the middle of an accelerated sales pressure, lowering 3.4% over 24 hours, according to the Technical Analysis model of Coindesk Research.
This decision underperform Coindesk 20 – an index of the first 20 cryptocurrencies by market capitalization, excluding stablescoins, the same and exchange parts – which dropped 1.6% during the same period.
Technical analysis
• AVAX experienced a significant decrease in the last 24 hours, from $ 17.82 to $ 17.21, representing a drop of 3.4% with a total range of $ 0.85 (4.76%).
• Prices action has formed a short -term “double -term” model close to $ 18.02, the later rejection leading to an accelerated sale over an average volume.
• The volume has increased to 710,723 units, which indicates a potentially strong downward conviction, because the key support at $ 17.45 has been raped.
• AVAX went from $ 17.33 to a hollow of $ 17.02 (-1.79%) Before staging a recovery to close at $ 17.25.
• A V -shaped pattern formed with intense sales pressure when the volume increased to 33,423 units, the price broke below the level of support of $ 17.20.
• Buyers intervened, pushing AVAX over the level of $ 17.20 with an increasing volume, suggesting potential short-term stabilization.
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