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AVAX Rises 3.8% on Strong Volume, Breaking Key Resistance Levels
Avalanche’s token climbed from $20.52 to $21.31 on Tuesday.
Jun 3, 2025, 2:56 p.m.
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What to know:
- AVAX surged past key resistance levels, establishing new support around $21.30 amid complex market conditions.
- The cryptocurrency experienced a 3.8% gain, with a significant breakout confirmed by high trading volume.
- A pronounced correction followed, with a 5.8% drop on the highest volume spike, indicating potential consolidation.
AVAX broke through key resistance levels on high volume, establishing new support zones around $21.30 as traders navigate complex market conditions influenced by international trade disputes and monetary policy speculation.
Technical Analysis
STORY CONTINUES BELOW
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• AVAX climbed from $20.52 to $21.31, representing a 3.8% gain with a total range of $1.28 (6.2%).
• Price formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $20.90.
• Exceptionally high volume (1.33M) confirmed the breakout.
• Strong support established at $21.15 following the surge.
• Most significant price movement occurred when AVAX surged past the $21.00 psychological level.
• Pronounced correction saw price drop 5.8% on the highest volume spike (40,669).
• Decreasing volume suggests consolidation after volatile price action.
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