What to know (apart from the fact that your bank account is still empty):
- Avalanche’s token AVAX decided to channel its inner diva, showing off short-term strength and hitting $22.47—then, just like a moody teenager, it corrected itself.
- AVAX swaggered up 4.2% in the last 24 hours (because who doesn’t love a little afternoon gains?), outpacing the CoinDesk 20 index which only managed a 3.7% rise.
- With support levels stronger than your morning coffee and a V-shaped comeback, it seems our darling AVAX is flirting with a bullish trend—ready for its close-up?
Avalanche’s token has been doing its best impression of a rollercoaster, climbing from $20.91 to a lofty $22.47 – a span of about 7.4% as per CoinDesk Research. Then, just to keep us on our toes, it dropped slightly by 1.65%. Because what’s a crypto story without a little drama?<\/p>
Meanwhile, the CoinDesk 20, which is basically the cool kids’ club of top 20 cryptocurrencies (excluding exchange coins, memecoins, and stablecoins—because who needs stability?), jumped 3.7% during the same period. Naturally, everyone’s pretending this is normal.
Technical Analysis (or how I pretend to understand charts):
• Two blockbuster breakout moments: one with a 5% surge on over 1.4 million in volume, and another with a 2.1% bump on 1.8 million volume—crushing it, essentially.
• The support level at roughly $21.53-$21.63 is firmer than the Wi-Fi signal at a family reunion, keeping the trend bullish as prices stay above this cozy zone.
• Volatility? Oh yes. Last hour saw AVAX reach $22.47—then immediately correct itself by 1.65%. Classic diva move.
• A little support at $21.80-$21.82 emerged, enabling AVAX to bounce back and establish an uptrend channel—think of it as the crypto equivalent of a graceful comeback after a night out that everyone regrets.
• All signs point to a V-shaped recovery, with buyers rushing in like it’s Black Friday, pushing the price higher after the selloff. Happy days! 🎉
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2025-06-10 19:31