Momentum Snapshot Style
AVAX Gains 3% in V-Shaped Rebound as Traders Brush Off Geopolitical Risks
Avalanche’s AVAX token climbed 3.1% in the past 24 hours, signaling a strong technical bounce and renewed bullish momentum despite ongoing Middle East turmoil.
After dipping to $18.75, AVAX rebounded sharply to $19.85, forming a textbook V-shaped recovery supported by consistently strong trading volume. This rally pushed AVAX through several resistance levels, most notably $19.35 and $19.65, suggesting buyers are regaining control.
Market-wide risk appetite also returned, with the CoinDesk 20 index up 3.6%, led by gains across major altcoins.
Momentum Markers:
- Price Range: $18.75 to $19.85 (+5.88%)
- Support Zone: $18.75–$18.85
- Resistance Breakouts: $19.35 → $19.65 → $19.85
- Volume Surge: Peaked at 426K vs. 385K SMA
- Current Support: Holding firm at $19.75
The price structure shows a healthy uptrend with potential for further upside if current support holds.
