AVAX Sees V-Shaped Rebound Amid Geopolitical Tensions, Surges Past $19.80

Avalanche’s native token AVAX has rallied 3.1% in the past 24 hours, trading at $19.43, signaling a strong V-shaped recovery despite the ongoing conflict between Iran and Israel. CoinDesk's technical analysis model indicates renewed bullish momentum, supported by high trading volume and key resistance breakouts.

AVAX rebounded sharply from a low of $18.75 to reach a new local high of $19.85, marking a 5.88% intraday price range. Significant buying volume between $18.75 and $18.85, ranging from 391K to 426K—well above the 24-hour moving average of 385K—helped confirm the rally's strength.

Momentum continued to build as AVAX consistently broke through resistance at $19.35 and $19.65, eventually peaking at $19.85. A distinct ascending channel has formed over the last hour, with volume consistently exceeding 10,000 units per minute. A notable breakout above the $19.60 resistance level occurred alongside a spike in volume, with a final push to $19.81 supported by 20,401 units traded.

AVAX now shows strong support at $19.75, suggesting bullish continuation potential if current volume levels persist. This price action aligns with broader market gains, as the CoinDesk 20 Index—tracking the top 20 non-stablecoin, non-memecoin crypto assets—has also risen 3.6% in the same period.

Despite global uncertainty and geopolitical tensions, Avalanche appears resilient, with technical indicators pointing toward sustained short-term bullish momentum. Investors are watching closely to see if AVAX can maintain its breakout trajectory and establish a new trend above the $20 mark.