Latest news with #AVAX
Yahoo
4 days ago
- Business
- Yahoo
CoinDesk 20 Performance Update: Uniswap (UNI) Gains 4.3%, Leading Index Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3001.7, up 0.8% (+23.65) since 4 p.m. ET on Wednesday. Seventeen of 20 assets are trading higher. Leaders: UNI (+4.3%) and POL (+2.8%).Laggards: AVAX (-1.9%) and DOT (-0.9%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Yahoo
5 days ago
- Business
- Yahoo
AVAX Stages Short-Term V-Shaped Recovery, Struggles to Maintain Momentum
Avalanche AVAX struggled to maintain short-term momentum, with trading patterns showing a descending channel formation despite attempts to stabilize around key support levels, according to CoinDesk Research technical analysis model. The token has fallen 1.4% in the last 24 hours to $18.43 while the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — lost only 0.5%. Recent high-volume selling pressure suggests continued bearish sentiment in the short term, though strong buying emerged during recent dips. Technical Analysis • AVAX experienced significant price volatility over the past 24 hours, establishing a range of 0.84 (4.5%) between the high of $18.93 and low of $18.09. • The asset found strong support at the $18.15-$18.25 zone, while facing resistance near $18.85-$18.90. • The price action formed a descending channel, with recent high-volume selling pressure suggesting continued bearish sentiment despite attempts to stabilize around the $18.40 level. • AVAX experienced a V-shaped recovery, slipping from $18.35 to a low of $18.09 with exceptionally high volume (52,056 units) before rebounding to $18.40. • The recovery gained significant momentum when the price broke through resistance at $18.27 on volume exceeding 67,000 units, establishing a new support zone around $18.33-$18.35. • The uptrend culminated in three consecutive zero-volume minutes suggesting potential consolidation before the next price movement. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
AVAX Rises 3% in V-Shaped Recovery, Defies Middle East Uncertainty
Avalanche's token AVAX has gained 3.1% in the last 24 hours and appears to be undergoing a V-shaped recovery even as the war between Iran and Israel continues, according to CoinDesk research's technical analysis model. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — has risen 3.6% in the same period of time. Technical Analysis • V-shaped recovery pattern formed with price rebounding from $18.75 to reach $19.85, establishing a 5.88% range. • Strong volume support emerged at the $18.75-$18.85 zone, with above-average volume (391K-426K) compared with the 24-hour simple moving average of 385K. • Recovery momentum accelerated with consistent high-volume buying. • Key resistance levels at $19.35 and $19.65 were successfully broken, culminating in a new local high of $19.85. • In the last hour, AVAX formed a clear ascending channel with volume consistently exceeding 10,000 units per minute. • Significant breakout occurred through the $19.60 resistance level. • Final push to $19.81 was confirmed with exceptionally high volume (20,401). • Current support established at $19.75 appears to be holding, suggesting potential for continued upward movement. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Business
- Yahoo
AVAX Plunges 13% as Crypto Sinks on Rise in Mideast Tensions
The cryptocurrency market is experiencing significant volatility due to Israel's strikes on Iran. Avalanche AVAX has been particularly affected, undergoing a substantial 13% correction with high trading volume. Despite the sharp decline, buyers have established strong support in the $18.57-$18.70 range, with recent price action showing signs of stabilization and potential consolidation, according to CoinDesk research's technical analysis model. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — has lost 6.2% in the last 24 hours. Technical Analysis • AVAX underwent a significant correction, dropping from $21.26 to a low of $18.57, representing a 12.65% decline over the 24-hour period. • Strong support was established around $18.57-$18.70. • Recent price action formed an ascending channel with resistance at $19.52, while the 24-hour trading range of $2.69 highlights substantial volatility. • In the last hour, AVAX demonstrated recovery, climbing from $19.04 to $19.13 (0.45% gain). • Volume analysis reveals particularly strong buying interest, with exceptional volume (86,895 units) propelling price to session highs near $19.26. • The final 15 minutes established support at $19.06, with buyers pushing AVAX back above $19.13. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
AVAX Rebounds From Key Support After 6% Plunge
Avalanche AVAX found support after a substantial decline on the short-term, according to CoinDesk Research's technical analysis model. The token is down 5.6% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which lost 3.2% in the same period of time. Technical Analysis • AVAX-USD pair declined 6.46% before staging a recovery. • A high-volume support zone emerged around $20.76-$20.85, where strong buying interest reversed the downtrend. • Price action formed a descending channel with resistance at $21.65, which was broken when AVAX climbed above $21.20. • V-shaped reversal pattern formed with strong buying momentum emerging around the $21 psychological support level. • Heavy accumulation occurred, with trading volume exceeding 23,000 units per minute. • The $20.76-$21.00 zone may serve as a significant demand area for near-term price action. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
