{"id":32509,"date":"2025-06-18T16:17:06","date_gmt":"2025-06-18T16:17:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32509"},"modified":"2025-06-18T16:17:06","modified_gmt":"2025-06-18T16:17:06","slug":"avax-stages-short-term-v-shaped-recovery-struggles-to-maintain-momentum","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32509","title":{"rendered":"AVAX Stages Short-Term V-Shaped Recovery, Struggles to Maintain Momentum"},"content":{"rendered":"<div>\n<p>Avalanche AVAX struggled to maintain short-term momentum, with trading patterns showing a descending channel formation despite attempts to stabilize around key support levels, according to CoinDesk Research technical analysis model. <\/p>\n<p>The token has fallen 1.4% in the last 24 hours to $18.43 while the CoinDesk 20 \u2014 an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins \u2014 lost only 0.5%.<\/p>\n<p>Recent high-volume selling pressure suggests continued bearish sentiment in the short term, though strong buying emerged during recent dips.<\/p>\n<p><strong>Technical Analysis<\/strong><\/p>\n<p>\u2022 AVAX experienced significant price volatility over the past 24 hours, establishing a range of 0.84 (4.5%) between the high of $18.93 and low of $18.09.<\/p>\n<p>\u2022 The asset found strong support at the $18.15-$18.25 zone, while facing resistance near $18.85-$18.90.<\/p>\n<p>\u2022 The price action formed a descending channel, with recent high-volume selling pressure suggesting continued bearish sentiment despite attempts to stabilize around the $18.40 level.<\/p>\n<p>\u2022 AVAX experienced a V-shaped recovery, slipping from $18.35 to a low of $18.09 with exceptionally high volume (52,056 units) before rebounding to $18.40.<\/p>\n<p>\u2022 The recovery gained significant momentum when the price broke through resistance at $18.27 on volume exceeding 67,000 units, establishing a new support zone around $18.33-$18.35.<\/p>\n<p>\u2022 The uptrend culminated in three consecutive zero-volume minutes suggesting potential consolidation before the next price movement.<\/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><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche AVAX struggled to maintain short-term momentum, with trading patterns showing a descending channel formation despite attempts to stabilize around key support levels, according to CoinDesk Research technical analysis model. The token has fallen 1.4% in the last 24 hours to $18.43 while the CoinDesk 20 \u2014 an index of the top 20 cryptocurrencies by [&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-32509","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\/32509","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=32509"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32509\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}