AVAX Climbs 4.2% as Breakout Volume and V-Shaped Recovery Signal Bullish Momentum

Avalanche’s native token AVAX is showing notable resilience in the face of market volatility, posting a 4.2% gain in the past 24 hours and forming a clear uptrend channel, according to CoinDesk Research’s technical analysis.

AVAX traded in a 7.4% range, rising from $20.91 to a high of $22.47, before retracing slightly with a 1.65% correction. The recovery suggests continued buying interest, particularly following key breakout moments supported by elevated trading volume.

In comparison, the CoinDesk 20 Index — which tracks the top 20 crypto assets by market cap, excluding exchange tokens, stablecoins, and memecoins — was up 3.7% during the same timeframe.

Technical Highlights:

• Two major breakout events marked the session: a 5% surge on volume exceeding 1.4 million units, and a 2.1% increase backed by 1.8 million in volume.
• A strong support zone has formed between $21.53 and $21.63, providing a solid foundation for the ongoing uptrend.
• AVAX faced heightened volatility late in the session, briefly touching $22.47 before pulling back 1.65%.
• Temporary support developed near $21.80–$21.82, where buyers stepped in to defend the trend.
• Price structure now reflects a V-shaped recovery, with the token forming higher lows and building an ascending channel — classic signs of a strengthening bullish setup.

The chart action points to sustained demand for AVAX, even as broader markets remain choppy. With volume-supported breakouts and clear support levels holding firm, the asset appears poised to extend gains if momentum continues.