$AVAX
📢📢
Crypto markets were shaken on Thursday when U.S. President Donald Trump and Tesla CEO Elon Musk engaged in a heated argument on social media over the U.S. national debt, which cumulated in the world's richest man endorsing Trump's impeachment and claiming the twice-elected politician was implicated in the Jeffrey Epstein files.
Technical Analysis
• AVAX experienced a sharp 8.14% decline from $20.14 to $18.48, with peak selling pressure when volume surged to 3.65 million.
• Strong support established at $18.48, with price subsequently climbing steadily to $19.65, reclaiming 57.8% of losses.
• An ascending channel pattern has formed with resistance at $19.76.
• Notable high-volume support emerged at $18.48-$18.88.
• Consistent higher lows over the past 14 hours indicate strengthening bullish momentum. 🚀🚀🚀🚀🚀🚀🚀🚀🚀