AVAX Climbs Over 3% in Strong V-Shaped Rebound, Breaks Resistance Amid War Uncertainty

Avalanche’s AVAX token is showing notable resilience, climbing 3.1% in the past 24 hours as it stages a textbook V-shaped recovery despite the ongoing geopolitical unrest between Iran and Israel.

According to CoinDesk Research’s technical analysis model, AVAX has broken through multiple short-term resistance levels, supported by strong buying momentum and rising trading volumes. The broader market also reflected a return of risk appetite, with the CoinDesk 20 Index — which tracks the top 20 non-stablecoin, non-memecoin crypto assets — up 3.6% over the same period.

Technical Insights

• AVAX reversed sharply from a low of $18.75 to touch $19.85, creating a recovery range of 5.88%.
• Robust buyer demand emerged in the $18.75–$18.85 zone, with trading volumes consistently exceeding the 24-hour moving average (peaking at 426K vs. an SMA of 385K).
• Sustained high-volume inflows fueled the rally, helping AVAX decisively breach resistance levels at $19.35 and $19.65.
• During the final phase of the move, AVAX formed an ascending price channel, with trade volume exceeding 10,000 units per minute.
• A key breakout above $19.60 was confirmed with a spike in volume (20,401 units), pushing the token to an intraday high of $19.85.
• Support now appears to be forming around $19.75, strengthening the case for continued upward momentum.

The strong technical structure and volume-backed breakout suggest AVAX may have more room to run — even as macro uncertainty remains elevated.