{"id":31771,"date":"2025-06-13T16:32:04","date_gmt":"2025-06-13T16:32:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31771"},"modified":"2025-06-13T16:32:04","modified_gmt":"2025-06-13T16:32:04","slug":"avax-plunges-13-as-crypto-sinks-on-rise-in-mideast-tensions","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31771","title":{"rendered":"AVAX Plunges 13% as Crypto Sinks on Rise in Mideast Tensions"},"content":{"rendered":"<div>\n<p>The cryptocurrency market is experiencing significant volatility due to Israel\u2019s strikes on Iran. Avalanche AVAX has been particularly affected, undergoing a substantial 13% correction with high trading volume. <\/p>\n<p>Despite the sharp decline, buyers have established strong support in the $18.57-$18.70 range, with recent price action showing signs of stabilization and potential consolidation, according to CoinDesk research\u2019s technical analysis model.<\/p>\n<p>The CoinDesk 20 \u2014 an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins \u2014 has lost 6.2% in the last 24 hours.<\/p>\n<p><strong>Technical Analysis<\/strong><\/p>\n<p>\u2022 AVAX underwent a significant correction, dropping from $21.26 to a low of $18.57, representing a 12.65% decline over the 24-hour period.<\/p>\n<p>\u2022 Strong support was established around $18.57-$18.70.<\/p>\n<p>\u2022 Recent price action formed an ascending channel with resistance at $19.52, while the 24-hour trading range of $2.69 highlights substantial volatility.<\/p>\n<p>\u2022 In the last hour, AVAX demonstrated recovery, climbing from $19.04 to $19.13 (0.45% gain).<\/p>\n<p>\u2022 Volume analysis reveals particularly strong buying interest, with exceptional volume (86,895 units) propelling price to session highs near $19.26.<\/p>\n<p>\u2022 The final 15 minutes established support at $19.06, with buyers pushing AVAX back above $19.13.<\/p>\n<p><em>Disclaimer:<\/em> <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>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market is experiencing significant volatility due to Israel\u2019s strikes on Iran. Avalanche AVAX has been particularly affected, undergoing a substantial 13% correction with high trading volume. Despite the sharp decline, buyers have established strong support in the $18.57-$18.70 range, with recent price action showing signs of stabilization and potential consolidation, according to CoinDesk [&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-31771","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\/31771","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=31771"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31771\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}