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

After reaching a high of $19.99, Avalanche’s token AVAX was sharply rejected at the $20 psychological barrier, triggering accelerated selling that drove prices down to $18.61, according to CoinDesk research’s technical analysis model. The rejection coincided with peak trading volume of 1 source: https://www.coindesk.com/markets/2025/06/17/avax-loses-58-after-rejection-at-critical-20-short-term-resistance