Avalanche’s token AVAX has surged by 3.1% over the last 24 hours, showing a strong V-shaped recovery despite the ongoing conflict between Iran and Israel. According to technical analysis by CoinDesk research, the CoinDesk 20 index, which tracks the top 20 cryptocurrencies (excluding stablecoins, meme coins, and exchange tokens), has also increased by 3.6% in the same timeframe.

Key Points:

• AVAX rebounded from $18.75 to $19.85 with a 5.88% price range.
• Volume support materialized between $18.75 and $18.85, with average trading volume rising above typical levels (391K-426K).
• Significant buying momentum was noted, breaking resistance levels of $19.35 and $19.65, leading to a peak of $19.85.
• Currently, support is stabilized at $19.75, suggesting potential further advancements in price.