{"id":31584,"date":"2025-06-12T15:35:05","date_gmt":"2025-06-12T15:35:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31584"},"modified":"2025-06-12T15:35:05","modified_gmt":"2025-06-12T15:35:05","slug":"avax-rebounds-from-key-support-after-6-plunge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31584","title":{"rendered":"AVAX Rebounds From Key Support After 6% Plunge"},"content":{"rendered":"<div>\n<p>Avalanche AVAX found support after a substantial decline on the short-term, according to CoinDesk Research&#8217;s technical analysis model.<\/p>\n<p>The token is down 5.6% in the last 24 hours, underperforming the CoinDesk 20 \u2014 an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins \u2014 which lost 3.2% in the same period of time.<\/p>\n<p><strong>Technical Analysis<\/strong><\/p>\n<p>\u2022 AVAX-USD pair declined 6.46% before staging a recovery.<\/p>\n<p>\u2022 A high-volume support zone emerged around $20.76-$20.85, where strong buying interest reversed the downtrend.<\/p>\n<p>\u2022 Price action formed a descending channel with resistance at $21.65, which was broken when AVAX climbed above $21.20.<\/p>\n<p>\u2022 V-shaped reversal pattern formed with strong buying momentum emerging around the $21 psychological support level.<\/p>\n<p>\u2022 Heavy accumulation occurred, with trading volume exceeding 23,000 units per minute.<\/p>\n<p>\u2022 The $20.76-$21.00 zone may serve as a significant demand area for near-term price action.<\/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<p><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche AVAX found support after a substantial decline on the short-term, according to CoinDesk Research&#8217;s technical analysis model. The token is down 5.6% in the last 24 hours, underperforming the CoinDesk 20 \u2014 an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins \u2014 which lost 3.2% in the [&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-31584","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\/31584","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=31584"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31584\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}