AVAX remains pressured as ADX confirms strong downtrend: weekly review
Avalanche (AVAX) is trading at $9.37, having declined $0.41 or 4.34% over the past week. The price remains below the weekly MA-20 at $9.75 and is well under the MA-50 at $16.30 and MA-200 at $22.17, indicating sustained bearish momentum and reinforcing medium- and long-term selling pressure.
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Highlights
- AVAX maintains a persistent bearish trend, trading below key moving averages and facing sustained downward pressure.
- Momentum indicators signal strong selling dominance, with no major buy signals and limited oversold relief.
- AVAX is expected to remain range-bound between $9.07 and $9.42 over the next week, with downside risks prevailing.
Scalability narrative and utility sustain market interest through the week
Avalanche's circulating supply stands at approximately 431.8 million coins, supporting a market capitalization of around $3.99 billion. The network continues to focus on high scalability, fast transaction settlement, and Ethereum compatibility as its main value propositions. The AVAX token serves core roles for transaction fees and security within the ecosystem.
Bearish technical signals intensify as weekly indicators deteriorate
Technically, AVAX remains in a downtrend on the weekly chart, positioned beneath all key moving averages. The MA-20 at $9.75 acts as the nearest resistance, while MA-50 and MA-200 overhead reinforce the negative bias. Weekly RSI reads 38.94 (Sell), MACD signals Strong Sell, ADX is firmly bearish at 28.58, and Bull/Bear Power remains Oversold. Weekly volatility is measured at 11.27%, with the price sitting mid-range between recent support and resistance levels.
Sideways consolidation likely as downward momentum constrains rebound risk
For the next 7 days, AVAX is expected to consolidate within a range of $9.07 to $9.42. Downward momentum remains dominant, with less than a 20% probability of a short-term rebound. The baseline scenario anticipates continued sideways trading in this corridor, as a clear reversal requires a move above $9.42. A close below $9.07 could trigger a fresh decline, while any sustained traction above $9.42 is needed for signs of recovery.
Previously it was reported that Avalanche continued to face sustained bearish momentum despite expanding institutional engagement and ecosystem growth. The latest technical signals reinforce this outlook, with price action suggesting that traders should closely monitor the $9.07 support for potential downside risk in the coming week.
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