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$105,009.69
+
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$1.0005
+
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–
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–
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AVAX
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–
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TON
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–
2.37%
SHIB
$0.0₄1165
+
0.73%
By CD Analytics, Tom Carreras|Edited by Sheldon Reback
Jun 18, 2025, 3:37 p.m.
- Avalanche (AVAX) is experiencing a descending channel formation, indicating short-term bearish sentiment.
- The token’s price fluctuated significantly, with a 4.5% range between $18.09 and $18.93 in the last 24 hours.
- AVAX exhibited a V-shaped recovery, breaking through resistance at $18.27 with high trading volume.
Avalanche
struggled to maintain short-term momentum, with trading patterns showing a descending channel formation despite attempts to stabilize around key support levels, according to CoinDesk Research technical analysis model.
The token has fallen 1.4% in the last 24 hours to $18.43 while the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — lost only 0.5%.
STORY CONTINUES BELOW
Recent high-volume selling pressure suggests continued bearish sentiment in the short term, though strong buying emerged during recent dips.
Technical Analysis
• AVAX experienced significant price volatility over the past 24 hours, establishing a range of 0.84 (4.5%) between the high of $18.93 and low of $18.09.
• The asset found strong support at the $18.15-$18.25 zone, while facing resistance near $18.85-$18.90.
• The price action formed a descending channel, with recent high-volume selling pressure suggesting continued bearish sentiment despite attempts to stabilize around the $18.40 level.
• AVAX experienced a V-shaped recovery, slipping from $18.35 to a low of $18.09 with exceptionally high volume (52,056 units) before rebounding to $18.40.
• The recovery gained significant momentum when the price broke through resistance at $18.27 on volume exceeding 67,000 units, establishing a new support zone around $18.33-$18.35.
• The uptrend culminated in three consecutive zero-volume minutes suggesting potential consolidation before the next price movement.
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.
