AVAX Jumps 3.8%, Piercing Resistance Zones as Trading Activity Accelerates

AVAX Faces Sell-Off as Resistance Holds, Market Mood Sours

Avalanche (AVAX) declined 5% over the past 24 hours, sliding under key technical levels as traders rotated away from altcoins in response to broader risk-off sentiment.

The token saw intraday swings between $21.16 and $19.98 — a 5.5% trading range — with bearish pressure intensifying after price failed to break through resistance at $20.68. A surge in volume to 1.58 million units coincided with the reversal.

After a brief recovery attempt to $20.53, AVAX reversed course again, dipping to $20.07 within an hour — a 2.1% drop that reinforced the downtrend. Additional selling drove prices from $20.39 to $20.22, with volume rising to 60,000 units, confirming a bearish setup.

The breakdown below the $20.10 psychological level showed weak demand at lower levels, with technical charts now showing immediate resistance at $20.47 and fragile support at $20.00.

Despite its recent struggles, AVAX remains the 18th-largest crypto asset by market cap. However, unless sentiment improves and resistance levels are reclaimed, downside risks could remain elevated in the near term.