Avalanche price prediction: Can $8 support hold? AVAX drops 7.03%

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Avalanche drops 7.03% to $8.29 today

Highlights

AVAX trades well below key moving averages, reflecting strong selling pressure across all timeframes.
Momentum and oscillator indicators consistently signal a bearish trend with emerging oversold conditions.
Price is likely to consolidate between $8.05 and $8.85 over the next week, with further declines favored if $8.05 breaks.

Technical weakness intensifies with price below key averages

SMA-20 stands at $9.23, SMA-50 at $9.36, and SMA-200 at $10.85, with price action holding below all these reference levels. The immediate resistance level is set by the Ichimoku Kijun at $9.57. Momentum readings remain negative, as both the MACD and ADX confirm a sell signal. Oscillators reinforce this weakness, with RSI at 41, Stoch RSI down at 23, and CCI deeply negative at -115. BBP’s negative value and a bearish reading on the Awesome Oscillator further highlight dominant selling pressure, as AVAX hovers near session lows after significant intraday volatility.

Limited upside as technicals point to further downside risk

Over the next five sessions, AVAX is likely to fluctuate between a typical volatility band of $8.05 and $8.85. There is a low probability of a sustained upside move, as technical signals remain bearish and no buy triggers are evident. Should resistance at $9.57 be reclaimed, short-term gains toward the $8.85–$9.25 range are possible, though this scenario is currently unlikely. A breakdown below $8.05 could expose further downside toward the psychological $8.00 threshold or lower.

Viktoras Karapetjanc, analyst at Traders Union, notes that Avalanche (AVAX) continues to face strong selling pressure with no positive news to shift sentiment. The asset is trading below all key moving averages and bearish technical signals are dominant. Karapetjanc sees little fundamental or macro support for a reversal at this stage. He expects AVAX to remain weak unless resistance at $9.57 is reclaimed. "While technicals are bearish now, a bounce is still possible if buyers step up soon," says Karapetjanc.

Earlier, analysts noted that Avalanche was under persistent bearish pressure despite improvements in institutional adoption and ecosystem growth. The current session further reinforces this outlook, with momentum and oscillators signaling continued downside risk as AVAX approaches the $8.00 threshold—making the sustainability of support at this level critical for near-term direction.

Source of Data: AVAX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.