AVAX Gains 6% in Wake of Political Tensions Between Musk and Trump

AVAX Snaps Back 6% After Steep Drop, Holds Up Amid Political Shockwaves

Avalanche’s AVAX token rebounded sharply after a sudden drop driven by political turbulence between Elon Musk and President Trump rocked the crypto market.

AVAX plunged from $20.14 to $18.48 (–8.14%) during Thursday’s sell-off but quickly bounced back, rising 6% to $19.65 on strong buy-side momentum. The token is now forming an ascending channel, with key resistance at $19.76, according to CoinDesk Research.

High volume breakouts were seen during the recovery, including a 2.5% hourly gain from $19.49 to $19.69, with buyers stepping in aggressively. Despite broader weakness — the CoinDesk 20 Index fell 0.85% — AVAX is showing clear signs of outperformance.

Snapshot:

• Low Hit: $18.48
• Rebound: +6% to $19.65
• Key Resistance: $19.76
• Support Zone: $19.53–$19.55
• Hourly Trend: Higher lows, bullish structure holding

With momentum firming and volume rising, traders are watching for a breakout above $19.76 that could put the $20.00 level back in play.

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