The cryptocurrency market is experiencing important downward stress as international financial uncertainties impression digital belongings throughout the board. Avalanche (AVAX) has been notably affected, with elevated promoting occurring at excessive quantity, establishing robust resistance on the $22.35 degree.
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
• Vital bearish momentum with worth dropping from $23.04 to $21.48, representing a 6.78% loss over 24 hours.
• Strong volume-based resistance established on the $22.35 degree 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.
• Help emerged round $21.32-$21.40 with growing purchase quantity.
• Value briefly rallied to $21.53 on excessive quantity.
• A number of assist checks round $21.45-$21.47 recommend consolidation forming.
