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AVAX Up 4.2% as It Establishes Uptrend Channel
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Jun 10, 2025, 3:07 p.m.
- Avalanche’s token AVAX has shown short-term strength, peaking at $22.47 before a correction.
- AVAX is up 4.2% in the last 24 hours, outperforming the CoinDesk 20 index, which rose 3.7%.
- Strong support levels and a V-shaped recovery pattern indicate a bullish trend for AVAX.
Avalanche’s token
is demonstrating short-term strength, climbing from $20.91 to a peak of $22.47, which represents a 7.4% range, according to CoinDesk Research’s technical analysis model. The token then experienced a 1.65% correction. AVAX is up 4.2% in the last 24 hours.
The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding exchange coins, memecoins and stablecoins — is up 3.7% in the same period of time.
STORY CONTINUES BELOW
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Technical Analysis
• Two high-volume breakout periods drove significant price action: 5% surge with volume exceeding 1.4M, and 2.1% gain on 1.8M volume.
• Strong support formed at $21.53-$21.63 level, with the overall trend remaining bullish as price maintains above key support zones.
• AVAX experienced significant volatility in the last hour, initially climbing to $22.47 before a 1.65% correction.
• Temporary support formed at $21.80-$21.82, followed by a recovery establishing an uptrend channel with higher lows.
• Price action suggests a V-shaped recovery pattern with strong buying pressure emerging after the selloff.
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.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our 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.
