AVAX Plunges 6% After Brief Rally Amid Global Economic Tensions

Global markets experienced significant turbulence as geopolitical tensions between major economies intensified over the weekend. Avalanche (AVAX) mirrored this volatility with a dramatic 24-hour price swing from 29 June to 30 June, surging 4.6% before retracing 6.1% from its peak. The cryptocurrency's price action reflects broader market uncertainty as investors navigate the complex interplay between monetary policy shifts and escalating trade disputes. The final trading hour on 30 June saw AVAX establish a key support zone around $17.92-$17.93, suggesting potential stabilization after concentrated selling pressure earlier in the session.

• AVAX price surged 4.6% before dropping 6.1% in a volatile 24-hour period
• US-China trade tensions and ECB rate cut signals influenced market sentiment
• High-volume resistance zone formed at $18.88 with accumulation at lower levels

Technical Analysis Highlights

• AVAX exhibited remarkable volatility during the 24-hour period from 29 June 19:00 to 30 June 18:00, with price surging dramatically from $18.05 to a peak of $18.88 (4.6% gain).
• High volume exceeding 2.5 million units during the 22:00 hour established a clear high-volume resistance zone.
• Subsequent hours saw a steady decline with the asset retracing to $17.73 at 15:00 on 30 June, representing a 6.1% drop from the peak.
• The overall trading range of $1.15 (6.4% of opening price) highlights significant market indecision.
• Volume analysis suggests accumulation at lower levels but persistent selling pressure above $18.20.
• During the last 60 minutes from 30 June 18:00 to 18:59, AVAX exhibited significant volatility with an initial upward momentum reaching $18.05 at 18:06.
• A sharp decline to $17.91 by 18:33 occurred on elevated volume exceeding 12,000 units.
• The asset established a key support zone around $17.92-$17.93, with price consolidation in the final 15 minutes suggesting accumulation after the selloff.
• Volume analysis reveals concentrated selling pressure during the 18:09-18:10 and 18:31-18:33 periods.
• Fibonacci retracement from the hour's high shows price stabilizing near the 61.8% level, indicating potential short-term equilibrium.

CD20 Rebounds 1.4% After Mid-Day Dip

The CD20 demonstrated remarkable volatility in the last 24 hours from 29 June 19:00 to 30 June 18:00, with a significant bullish surge from $1,748.58 to $1,773.57 (+1.43%) during the overnight hours, followed by a correction to $1,744.96 (-1.61% from peak) at 30 June 15:00, before recovering to close at $1,755.80, representing an overall range of $28.61 (1.64%) across the analyzed period.

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.

References:

1. Cryptopolitan, "Avalanche Price Prediction 2024-2030: AVAX Future Forecast", published on June 30, 2025.
2. bitzo.com, "Weekend Technical Look: Can SUI Hold Its Support While AVAX$17.51 Taps Resistance?", published on June 29, 2025.
3. Invezz, "AVAX Price Poised For 50% Rebound As Avalanche Hits $3B Transaction Milestone", published on June 30, 2025.
4. bitcoinsistemi.com, "Why Solana, XRP, and Avalanche Traders Could Rotate Investments Into MagaCoin Finance in Q3 2025", published on June 29, 2025.
5. bitcoinsistemi.com, "XRP, Avalanche, and Solana Under Analyst Spotlight as New Political Coin Forecasts 25x Gains in 2025", published on June 29, 2025.