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AVAX Rises 3.8% on Strong Volume, Breaking Key Resistance Levels

coindesk.com

2 day ago

AVAX Rises 3.8% on Strong Volume, Breaking Key Resistance Levels

AVAX broke through key resistance levels on high volume, establishing new support zones around $21.30 as traders navigate complex market conditions influenced by international trade disputes and monetary policy speculation. Technical Analysis • AVAX climbed from $20.52 to $21.31, representing a 3.8% gain with a total range of $1.28 (6.2%). • Price formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $20.90. • Exceptionally high volume (1.33M) confirmed the breakout. • Strong support established at $21.15 following the surge. • Most significant price movement occurred when AVAX surged past the $21.00 psychological level. • Pronounced correction saw price drop 5.8% on the highest volume spike (40,669). • Decreasing volume suggests consolidation after volatile price action.

https://www.coindesk.com/markets/2025/06/03/avax-rises-3-8-on-strong-volume-breaking-key-resistance-levels?utm_source=CryptoNews&utm_medium=app