{"id":32308,"date":"2025-06-17T16:17:15","date_gmt":"2025-06-17T16:17:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32308"},"modified":"2025-06-17T16:17:15","modified_gmt":"2025-06-17T16:17:15","slug":"avax-loses-5-8-after-rejection-at-critical-20-short-term-resistance","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32308","title":{"rendered":"AVAX Loses 5.8% After Rejection at Critical $20 Short-Term Resistance"},"content":{"rendered":"<div>\n<p>After reaching a high of $19.99, Avalanche\u2019s token AVAX was sharply rejected at the $20 psychological barrier, triggering accelerated selling that drove prices down to $18.61, according to CoinDesk research\u2019s technical analysis model. The rejection coincided with peak trading volume of 1.9 million, suggesting large-scale profit-taking and position liquidations.<\/p>\n<p>The token is down 5.8% in the last 24 hours, while the CoinDesk 20 \u2014 index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins \u2014 has lost 4.2%.<\/p>\n<p><strong>Technical Analysis<\/strong><\/p>\n<p>\u2022 Clear rejection at the $20.00 psychological resistance level.<\/p>\n<p>\u2022 Peak trading volume (1.9M) occurred at midnight when the price briefly touched $18.74.<\/p>\n<p>\u2022 Support has formed in the $18.90-$19.00 zone with multiple tests.<\/p>\n<p>\u2022 The four-hour consolidation pattern suggests potential stabilization after the sharp decline.<\/p>\n<p>\u2022 Diminishing volumes indicate waning trader interest at current levels.<\/p>\n<p>\u2022 Double top pattern formed around the $19.05 level.<\/p>\n<p>\u2022 Increasing selling pressure with declining volumes suggest trader exhaustion.<\/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>After reaching a high of $19.99, Avalanche\u2019s token AVAX was sharply rejected at the $20 psychological barrier, triggering accelerated selling that drove prices down to $18.61, according to CoinDesk research\u2019s technical analysis model. The rejection coincided with peak trading volume of 1.9 million, suggesting large-scale profit-taking and position liquidations. The token is down 5.8% in [&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-32308","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\/32308","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=32308"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32308\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}