The cryptocurrency market is experiencing important downward stress as international financial uncertainties influence digital property throughout the board. Avalanche (AVAX) has been significantly affected, with elevated promoting occurring at excessive quantity, establishing robust resistance on the $22.35 stage.
New Jersey’s Bergen County introduced on Wednesday that it plans to digitize all property deeds on the Avalanche community underneath a five-year settlement with blockchain software program agency Balcony.
Technical Evaluation
• Important bearish momentum with worth dropping from $23.04 to $21.48, representing a 6.78% loss over 24 hours.
• Sturdy volume-based resistance established on the $22.35 stage with exceptionally excessive quantity (2.24M).
• A number of restoration makes an attempt had been rejected on the $21.88 zone, forming a transparent resistance ceiling.
• Assist emerged round $21.32-$21.40 with rising purchase quantity.
• Value briefly rallied to $21.53 on excessive quantity.
• A number of assist exams round $21.45-$21.47 counsel consolidation forming.
