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AVAX Cools After Intraday Spike, Finds Support Around $20.25
Avalanche’s AVAX token gave back early gains on Monday after rallying as much as 3.7% from $20.71 to $21.48. The move was short-lived, however, as sellers stepped in near resistance, pushing the token down to an intraday low of $20.25.
That drop established a new support zone between $20.25 and $20.30, where buying interest emerged, stabilizing the decline. A temporary bounce off $20.62 also suggests that dip buyers are defending this region, reinforcing it as a near-term floor.
AVAX remains inside a descending channel, and the failed breakout above $21.40–$21.50 reinforces the importance of that zone as key resistance going forward.
The broader crypto market saw moderate gains, with the CoinDesk 20 Index climbing 1.1% in the past 24 hours, offering some macro support to altcoins like AVAX.
For bulls to regain momentum, AVAX will need to hold the $20.25 level convincingly and retest the $21.50 ceiling with stronger volume.
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