{"id":30658,"date":"2025-06-06T16:32:17","date_gmt":"2025-06-06T16:32:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30658"},"modified":"2025-06-06T16:32:17","modified_gmt":"2025-06-06T16:32:17","slug":"avax-surges-6-after-musk-trump-dispute-sell-off","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30658","title":{"rendered":"AVAX Surges 6% After Musk-Trump Dispute Sell-Off"},"content":{"rendered":"<div>\n<p>Crypto markets were shaken on Thursday when U.S. President Donald Trump and Tesla CEO Elon Musk engaged in a heated argument on social media over the U.S. national debt, which cumulated in the world&#8217;s richest man endorsing Trump&#8217;s impeachment and claiming the twice-elected politician was implicated in the Jeffrey Epstein files.<\/p>\n<p>Avalanche\u2019s token, AVAX AVAX, was among those hit, dropping to as low as $18.48 from $20.14. It has since rise 6% to $19.65 to reclaim nearly 58% of the losses while forming a promising ascending channel pattern with resistance at $19.76, according to CoinDesk Research&#8217;s technical analysis model.<\/p>\n<p>The token has lost 1% over 24 hours, while the <a href=\"https:\/\/www.coindesk.com\/indices\/cd20\">CoinDesk 20<\/a>, an index of the top 20 cryptocurrencies by market cap except for stablecoins, exchange coins and memecoins, has dropped 0.85%.<\/p>\n<p>Recent trading sessions show decisive buying pressure, with notable volume spikes coinciding with price surges that briefly pushed AVAX to a local high of $19.76. Market analysis points to the consistent formation of higher lows over the past 14 hours as evidence of strengthening bullish momentum, with the $20.00 psychological level now within reach if current trajectory holds.<\/p>\n<\/p>\n<p><strong>Technical Analysis<\/strong><\/p>\n<p>\u2022 AVAX experienced a sharp 8.14% decline from $20.14 to $18.48, with peak selling pressure when volume surged to 3.65 million.<\/p>\n<p>\u2022 Strong support established at $18.48, with price subsequently climbing steadily to $19.65, reclaiming 57.8% of losses.<\/p>\n<p>\u2022 An ascending channel pattern has formed with resistance at $19.76.<\/p>\n<p>\u2022 Notable high-volume support emerged at $18.48-$18.88.<\/p>\n<p>\u2022 Consistent higher lows over the past 14 hours indicate strengthening bullish momentum.<\/p>\n<p>\u2022 In the last hour, AVAX continued recovery with a 1.01% gain from $19.49 to $19.69.<\/p>\n<p>\u2022 Volume spikes occurred (45,299 and 64,948 units), coinciding with price surges to a local high of $19.76.<\/p>\n<p>\u2022 Current price action shows strengthening bullish sentiment with support levels around $19.53-$19.55.<\/p>\n<p><strong><em>Disclaimer:<\/em><\/strong> <em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em> <em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em> <em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto markets were shaken on Thursday when U.S. President Donald Trump and Tesla CEO Elon Musk engaged in a heated argument on social media over the U.S. national debt, which cumulated in the world&#8217;s richest man endorsing Trump&#8217;s impeachment and claiming the twice-elected politician was implicated in the Jeffrey Epstein files. Avalanche\u2019s token, AVAX AVAX, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30658","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30658"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30658\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}