{"id":34077,"date":"2025-06-27T15:01:48","date_gmt":"2025-06-27T15:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34077"},"modified":"2025-06-27T15:01:48","modified_gmt":"2025-06-27T15:01:48","slug":"avax-breaks-out-of-consolidation-phase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34077","title":{"rendered":"AVAX Breaks Out of Consolidation Phase"},"content":{"rendered":"<div>\n<p>Avalanche\u2019s token AVAX recently broke out of a consolidation phase, establishing strong support levels, according to CoinDesk Research\u2019s technical analysis model. The token is up 0.8% in the last 24 hours.<\/p>\n<p>The CoinDesk 20 \u2014 an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, exchange coins and memecoins \u2014 lost 0.4% over the same period.<\/p>\n<p><strong>Technical Analysis<\/strong><\/p>\n<p>\u2022 AVAX demonstrated resilient price action during the 24-hour period, establishing a small uptrend.<\/p>\n<p>\u2022 After initial consolidation between $17.13-$17.35, AVAX broke out with significant volume, forming strong support at $17.07 confirmed by above-average volume during reversal.<\/p>\n<p>\u2022 The asset established higher lows throughout the period, with resistance at $17.63 tested multiple times, suggesting accumulation phase completion and potential for continued upward momentum.<\/p>\n<p>\u2022 AVAX displayed significant volatility with a strong recovery pattern, rising from $17.37 to $17.45 (0.50% gain).<\/p>\n<p>\u2022 After an initial uptrend to $17.46, AVAX experienced a correction to $17.36, forming a double bottom pattern before staging a rally with increasing volume.<\/p>\n<p>\u2022 The final minutes showed price bouncing back from $17.37 to $17.46, suggesting renewed buying interest and potential continuation of the broader uptrend.<\/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>Avalanche\u2019s token AVAX recently broke out of a consolidation phase, establishing strong support levels, according to CoinDesk Research\u2019s technical analysis model. The token is up 0.8% in the last 24 hours. The CoinDesk 20 \u2014 an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, exchange coins and memecoins \u2014 lost 0.4% [&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-34077","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\/34077","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=34077"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34077\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}