AVAX news: Trades below key moving averages — resistance at $24.36 limits upside

Traders Union
All News
Crypto News
Avalanche Drops 3.56% Today to $23.04

Highlights

Avalanche (AVAX) trades at $23.04, below the MA-20 ($24.14) and MA-50 ($23.78), but remains above long-term support at $21.40 (MA-200).
No company-specific or regulatory news is influencing Avalanche, so market sentiment is currently driven by technical trading signals and price action.
Indicators show short-term bearish momentum with low probability (<20%) of price increases, confining AVAX likely to a $20.40–$23.73 range barring a breakout below $21.40 or above $24.36.

Technical flows dominate as news-driven catalysts remain absent for AVAX

No new company-specific or regulatory developments directly affecting Avalanche have been reported. As a result, the current market sentiment is shaped mainly by technical and trading factors. Recent price movement has not been influenced by confirmed news or events tied to AVAX.

Bearish bias prevails amid mixed momentum and resistance at Kijun

The nearest dynamic resistance is at the Kijun level ($24.36), while $21.4 marks the primary support area. Daily momentum is mixed: the MACD on D1 is strongly bullish, but the ADX indicates a weak overall trend. Oscillators highlight oversold or selling conditions, with RSI and CCI both pointing down and Stoch RSI showing oversold. BBP reflects clear intraday dominance by sellers, and the Awesome Oscillator also supports a bearish tone.

Limited upside as sideways action favored within defined range

In the short term, AVAX is expected to trade between $20.40 and $23.73, averaging around $22.07. The probability of further price increases is very low (less than 20%), making continued declines much more likely. The base scenario anticipates sideways movement within the established range, while a push above $24.36 could lead to further gains or a drop below $21.40 would signal more downside.

Anton Kharitonov, expert at Traders Union, sees Avalanche (AVAX) trading in a defined range with technical signals favoring bears and no supportive news flow. He believes that as long as AVAX remains capped below $24.36 and above $21.40, sideways movement is the base case — with a push below $21.40 opening up further downside. "I prefer to wait for a clear breakout or breakdown before taking a directional position, as probabilities currently support further declines rather than a rebound."

Previously it was noted that Avalanche faced a network outage that resulted in transaction delays and impacted several DeFi protocols. Sentiment turned bearish as traders reacted to the disruption and investors assess the impact of the outage on the platform's reputation.

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.