Main Points:
AVAX Down 38% in 2025: Bounce Holds Above $20.50 Only
Toncoin advances with regular swings: now a decisive extension is needed
The crypto market has increased volatility in recent days and in no particular order many tokens have been affected, with Avalanche however slowing down its climb while Toncoin remains buoyant.
Avalanche: Watch Out for Reversal Signals
The price trend of Avalanche (AVAX) is going through a series of swings in up and down. Currently, AVAX is quoted at $21.87 and has grown by 5.15 since the beginning of June. However, it is in retracement compared to the maximum reached in May at $26.85. The decline, at the current value, records a -18%. This downward movement has particularly influenced from the middle of May of days as can be observed from the daily chart . In fact, the price of AVAX has lost all the gains of May going to close the month at -0.54%.
Since the beginning of 2025, Avalanche has recorded a 38% decline, which places it among the worst cryptocurrencies in the Top 20. This bearish phase can be observed on the daily chart . At the beginning of June, AVAX broke the support in the $20.70 area and recorded a minimum at $18.50 from where it is rebounding.
Avalanche below resistance with doji
Yesterday's candle close was a doji. This is one of the indecision candles, but when it forms on a top of an uptrend it is one of the reversal patterns. The price of Avalanche is also in contact with the resistance in the €22.70 area. The support level to hold is $20.50.
Toncoin indecision on resistance
The price of Toncoin (TON) is in a phase of a generally bullish trend. The price of TON is quoted at $3.24 and on the daily chart you can see the swing phase of the last month. However, it is recording a series of growing highs. In June it recorded a +4.20% while since the beginning of the year the rsso is 40%.
The price has been rising for a few days and yesterday it broke the resistance in the $3.30 area. However, it is still struggling at the level. The next step is an extension towards the $3.65 area. TON support passes at the $3.13 level.
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