From Yahoo Finance: 2025-06-17 11:30:00

Avalanche’s token AVAX reached $19.99 before being rejected at $20, leading to a sharp drop to $18.61 with high trading volume. AVAX is down 5.8% in 24 hours, while the CoinDesk 20 lost 4.2%.

Technical analysis shows a clear rejection at $20, peak volume at $18.74, support at $18.90-$19.00, and a double top pattern at $19.05. Stabilization is possible after a sharp decline, with declining volumes indicating trader exhaustion.

Read more: AVAX Loses 5.8% After Rejection at Critical $20 Short-Term Resistance