Avalanche (AVAX/USD) Market Faces Rejection After Test of Supply Zone

Avalanche Price Prediction

AVAXUSD market faces rejection after test of supply zone. The rejection looms as price redistributes at the premium zone.

AVAXUSD is trading just above the 9-day Simple Moving Average (SMA), currently at $21.650, signaling short-term bullish momentum within a broader bearish trend. The Stochastic Oscillator is in the overbought region (81.26 and 78.94), suggesting a potential reversal or exhaustion of buying pressure. These overbought conditions, especially near a key resistance zone, support the bearish outlook for this pair.