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AVAX Rises 3.8% on Strong Volume, Breaking Key Resistance Levels
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By AI Boost, Tom Carreras|Edited by Oliver Knight
Updated Jun 3, 2025, 2:56 p.m. Published Jun 3, 2025, 2:56 p.m.
- AVAX surged past key resistance levels, establishing new support around $21.30 amid complex market conditions.
- The cryptocurrency experienced a 3.8% gain, with a significant breakout confirmed by high trading volume.
- A pronounced correction followed, with a 5.8% drop on the highest volume spike, indicating potential consolidation.
AVAX broke through key resistance levels on high volume, establishing new support zones around $21.30 as traders navigate complex market conditions influenced by international trade disputes and monetary policy speculation.
Technical Analysis
STORY CONTINUES BELOW
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• AVAX climbed from $20.52 to $21.31, representing a 3.8% gain with a total range of $1.28 (6.2%).
• Price formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $20.90.
• Exceptionally high volume (1.33M) confirmed the breakout.
• Strong support established at $21.15 following the surge.
• Most significant price movement occurred when AVAX surged past the $21.00 psychological level.
• Pronounced correction saw price drop 5.8% on the highest volume spike (40,669).
• Decreasing volume suggests consolidation after volatile price action.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
Tom writes about markets, bitcoin mining and crypto adoption in Latin America. He has a bachelor’s degree in English literature from McGill University, and can usually be found in Costa Rica. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
