Market Insight Style
Avalanche’s AVAX Defies War-Driven Volatility, Climbs on Strong Technicals
Even as geopolitical stress continues to ripple through global markets, Avalanche’s AVAX token is proving resilient. The asset surged 3.1% over the last 24 hours, rising from an intraday low of $18.75 to a high of $19.85 — forming a clean V-shaped recovery pattern.
Volume surged well above average during key resistance breaks, helping AVAX reclaim upside momentum and signaling that institutional players may be stepping in. The broader crypto market mirrored this trend, with the CoinDesk 20 index also gaining over 3.5%.
Technical action shows a new ascending channel forming, with buyers repeatedly stepping in near $18.85 and again after $19.60 was breached on high volume.
Key Takeaways:
- Recovery fueled by strong demand at technical support.
- Breakouts above $19.35 and $19.65 confirm a short-term trend reversal.
- Volume-based confirmation indicates sustainable interest.
Avalanche now eyes a possible move past $20 — contingent on broader risk sentiment and sustained buyer support.
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