AVAX recently overcame critical resistance levels in a scenario marked by significant trading activity. The token’s price rose from $20.52 to $21.31, indicating a gain of 3.8%.

Insights:

• AVAX established a new support level near $21.30 as traders maneuver through intricate market dynamics shaped by global trade tensions and monetary policy forecasts.
• Strong breakout confirmation came from unusually high trading volume.
• Following its surge, AVAX faced a notable correction, decreasing by 5.8% in response to excessive volume spikes, hinting at potential market consolidation.

Technical Highlights:

• AVAX’s trajectory has shown a clear upward trend with higher lows and highs, confirming breaks over important resistance at $20.90.
• A critical support was observed at $21.15 after the token’s significant increase.
• The most substantial price shift occurred as AVAX moved past the $21.00 psychological barrier.
• Current decreased trading volume indicates a possible consolidation phase after the recent volatility.