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Avalanche Rebound Topped $10.42, Remained Below 20-Day Average

AVAX reached $10.52 later on Oct. 16 after an early snapshot showed a 6.00% 24-hour gain to $10.17.

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An embossed red token rises toward a narrow steel bar / TokenPost.ai
An embossed red token rises toward a narrow steel bar / TokenPost.ai

Avalanche (AVAX) climbed to $10.52 on Oct. 16, moving above an earlier $10.42 resistance marker while staying below the $10.71 20-day average recorded that morning.

At 4:18 a.m. ET (08:18 UTC), AVAX traded at $10.17, up 6.00% over 24 hours. It was below its seven-day simple moving average of $10.28 and above its 50-day and 200-day averages of $9.31 and $8.17. The moving average convergence-divergence (MACD) line and signal line each read 0.1665, leaving the histogram at 0.0000.

AVAX reached an intraday high of $10.52 on Oct. 16. That exceeded the earlier $10.42 resistance level and $10.28 seven-day average, but remained below $10.67 stronger resistance and the $10.71 20-day average. Support stood at $9.69, with stronger support at $9.22.

The Oct. 16 move followed an Oct. 15 snapshot at 4:21 a.m. ET (08:21 UTC), when AVAX stood at $9.59 after a 5.95% 24-hour decline. An Oct. 14 snapshot at 4:23 a.m. ET (08:23 UTC) put the token at $10.19. These are time-stamped readings; the $10.52 figure is an intraday high, not a day-end price.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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